Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Canada Signals Delay in US Tariff Deal as Talks Shift to USMCA Review 
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision 
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers 
U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
The German bunds jumped during European trading session Wednesday after investors have largely shrugged-off the rise in the country’s gross domestic product (GDP) for the first quarter of this year, released early this year.
Investors will now also be focussed on the eurozone’s consumer price inflation (CPI) data for the month of April, scheduled to be released by end of this week, which shall provide further direction to the debt market.
The German 10-year bond yields, which move inversely to its price, slumped 3 basis points to -0.101 percent, the yield on 30-year note plunged nearly 4 basis points to 0.536 percent and the yield on short-term 2-year traded 2 basis points down at -0.659 percent by 09:55GMT.
Germany’s gross domestic product (GDP) expanded a meagre 0.4 percent q/q, data released by the Federal Statistics Office showed Wednesday. On a y/y basis, it grew a calendar-adjusted 0.7 percent. Both preliminary readings were in line with market expectations.
Further, the Statistics Office said that the region’s growth was mainly driven by construction and increased household spending. Corporate investments in machinery and equipment also helped, while state spending was slightly negative, Reuters reported.
Meanwhile, the German DAX traded tad 0.14 percent lower at 11,974.46 by 10:05GMT, while at 10:00GMT, the FxWirePro's Hourly Euro Strength Index remained neutral at -59.31 (higher than +75 represents bullish trend). For more details, visit http://www.fxwirepro.com/currencyindex
