Pakistan Economy Grows 3.7% in FY2026 Amid Strong Fiscal Performance 
Oil Prices Surge Above $93 as Trump Escalates Iran Pressure and Strait of Hormuz Tensions Deepen 
US Dollar Slips Ahead of Key Inflation Data as Middle East Tensions Weigh on Markets 
US Stock Futures Rally as U.S.-Iran Peace Talks Boost Market Sentiment Despite Ongoing Strikes 
Asian Stocks Slide, Oil Prices Climb as Middle East Tensions and Inflation Fears Shake Markets in 2026 
China Trade Surplus Surges in May 2026 as Exports and AI-Driven Imports Accelerate 
US Stock Futures Slip as New Iran Strikes Weigh on Market Sentiment Ahead of Inflation Data 
China Inflation Misses Forecast as Consumer Spending Stays Weak, Producer Prices Surge 
Australian government bonds traded range bound during Asian session Friday amid a muted trading session that witnessed data of little economic significance ahead of the Reserve Bank of Australia’s Phillip Lowe and Christopher Kent speeches scheduled next week.
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, traded flat at 1.347 percent, the yield on the long-term 30-year bond also remained steady at 1.995 percent and the yield on short-term 2-year rose over 2 basis points to 0.952 percent by 04:20GMT.
Risk sentiment improved overnight, after NY Fed President John Williams said that the Fed should act promptly if the US economy should stumble. Equities inched higher while the 3m-10y UST curve flipped back into carry at 0.38bp, after having spent 40 consecutive sessions in inversion territory, OCBC Treasury Research reported.
US Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer also denied that Huawei was a sticking point in US-China talks and are scheduled to have a call with Chinese trade counterparts on Thursday night (US time), the report added.
Meanwhile, the S&P/ASX 200 index remained tad higher at 6,634.50 by 04:25GMT.
