RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization 
Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets 
Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers 
The Eurozone periphery bonds remained mixed Thursday after reading a mixed bag of manufacturing PMI data from the Eurozone economies. Moreover, trading volumes remained muted against a lack of economic data ahead of the approaching weekend. Also, German markets will remain closed at the start of next week, adding further dullness in the debt market.
The German 10-year bund yields, which moves inversely to its price, hovered around 0.30 percent, the French 10-year bond yields, also traded flat at 0.63 percent, Irish 10-year bonds yield dipped 1 basis point to 0.76 percent, Italian equivalent jumped 2-1/2 basis points to 2.20 percent, Netherlands 10-year bonds yield ticked 1/2 basis point higher to 0.52 percent, Portuguese equivalents climbed nearly 3 basis points to 3.06 percent and the Spanish 10-year yield rose nearly 2-1/2 basis points to 1.55 percent by 08:20 GMT.
The final IHS Markit Eurozone Manufacturing PMI rose to a 73-month high of 57.0 in May, up from 56.7 in April and unchanged from the earlier flash estimate. France’s manufacturing PMI posted 53.8 in May to signal a further improvement in the overall health of the French manufacturing sector.
In addition, German manufacturing continued to gain momentum in May with the PMI rising for the fifth time in 6 months to 59.5, the highest since April 2011 and just above the earlier flash estimate of 59.4.
Further, Spain’s headline PMI rose to a 4-month high of 55.4 in May, up from 54.5 in April. The reading signalled a further marked monthly improvement in the health of the sector, and extended the current sequence of strengthening business conditions to 42 months.
Meanwhile, the pan-European STOXX 600 index was up 0.33 percent to 391.29, German DAX traded 0.44 percent higher to 12,673.50, the PSI20 Index climbed 0.47 percent to 5,316.58 and France’s CAC40 rose 0.73 percent to 5,321.50 by 08:30 GMT, while at 08:00 GMT, the FxWirePro's Hourly Euro Strength Index stood neutral at 13.52 (higher than +75 represents bullish trend). For more details, visit http://www.fxwirepro.com/currencyindex
