US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
U.S. Imposes 25% Tariff on Select Brazilian Imports After Section 301 Trade Investigation 
China Trade Surplus Hits $125.6 Billion as June Exports, Imports Smash Forecasts 
Australia Consumer Sentiment Rises in July as Fuel Price Relief Lifts Confidence 
The U.S. Treasuries climbed Wednesday after President Donald Trump threw US diplomacy into fresh turmoil on Tuesday by firing his secretary of state, Rex Tillerson – said to have discovered his fate via Twitter – and promoting two officials condemned by human rights groups for endorsing or overseeing torture.
Also, investors are looking forward to watch the 30-year bond auction, due later today for detailed direction in the debt market.
The yield on the benchmark 10-year Treasuries fell 1 basis point to 2.83 percent, the super-long 30-year bond yields also slipped nearly 1 basis point to 3.08 percent and the yield on the short-term 2-year hovered around 2.25 percent by 11:00GMT.
In the US, the data focus today will be on February’s producer price and retail sales data. Most notably, a rebound in retail sales seems likely after poor weather weighed in January although a drop in sales of new motor vehicles is likely to constrain the headline number.
Meanwhile, the S&P 500 Futures rose 0.23 percent to 2,779.50 by 11:05GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained highly bearish at -118.99 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
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