UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
Japan Core Inflation Seen Rising in June, Strengthening BOJ Rate Hike Outlook 
Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
Asian Stocks Slide as Chip Selloff Deepens Ahead of TSMC Earnings 
ECB's Kocher Says No Inflation Spillover Yet From Iran Conflict, Warns Risks Remain 
Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations 
Oil Prices Climb as Trump Escalates Iran Pressure, Strait of Hormuz Risks Grow 
Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution 
US Stock Futures Fall as Netflix Outlook, Chip Selloff and Iran Tensions Weigh on Markets 
Gold Prices Head for Biggest Weekly Loss Since June as Fed Rate Outlook Weighs 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
The German bunds gained on the last trading day of the week Friday after eurozone’s trade balance disappointed market expectations, although the better-than-expected producer price index for the month of April cushioned further gains to the debt basket.
The German 10-year bond yields, which move inversely to its price, fell 1/2 basis point to 0.63 percent, the yield on 30-year note hovered around 1.33 percent and the yield on short-term 2-year traded flat at -0.55 percent by 09:30GMT.
The first estimate for euro area (EA19) exports of goods to the rest of the world in March 2018 was €199.9 billion, a decrease of 2.9 percent compared with March 2017 where they peaked at €205.9 billion. Imports from the rest of the world stood at €173.0 billion, a fall of 2.5 percent compared with March 2017 (€177.4 billion). As a result, the euro area recorded a €26.9 billion surplus in trade in goods with the rest of the world in March 2018, compared with +€28.5 billion in March 2017. Intra-euro area trade fell to €170.5 billion in March 2018, down by 0.6 percent compared with March 2017.
In January to March 2018, euro area exports of goods to the rest of the world rose to €555.7 billion (an increase of 2.5 percent compared with January-March 2017), while imports rose to €506.3 billion (an increase of 1.4 percent compared with January-March 2017). As a result, the euro area recorded a surplus of €49.4 billion, compared with €42.9 billion in January-March 2017. Intra-euro area trade rose to €485.6 billion in January-March 2018, up by 4.1 percent compared with January-March 2017.
Meanwhile, the German DAX traded 0.15 percent lower at 13,094.53 by 09:35GMT, while at 09:00GMT, the FxWirePro's Hourly Euro Strength Index remained slightly bearish at -90.46 (higher than +75 represents bullish trend). For more details, visit http://www.fxwirepro.com/currencyindex
Lastly, FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
