China Trade Surplus Surges in May 2026 as Exports and AI-Driven Imports Accelerate 
US Stock Futures Rally as U.S.-Iran Peace Talks Boost Market Sentiment Despite Ongoing Strikes 
New Zealand Unemployment and Inflation Debate Intensifies Ahead of 2026 Election 
US Dollar Edges Higher as Inflation Data and Middle East Tensions Shape Market Sentiment 
South Korea Q1 GDP Growth Revised Higher as AI-Driven Exports Boost Economic Outlook 
BOJ Rate Hike Expectations Rise as Weak Yen and Strong U.S. Jobs Data Increase Pressure 
Asian Currencies Gain as U.S. Dollar Softens Ahead of Key Inflation Data in 2026 
Oil Prices Fall Despite Rising U.S.-Iran Tensions as Markets Watch Strait of Hormuz Developments 
Trump Signals Opposition to USMCA Renewal as U.S. Reviews Trade Relations with Canada and Mexico 
US Dollar Dips as Middle East Tensions Ease; Markets Await Key US Inflation Data 
China Inflation Misses Forecast as Consumer Spending Stays Weak, Producer Prices Surge 
The U.S. Treasuries edged slightly lower during Friday’s afternoon session, ahead of the country’s personal income and spending data, scheduled to be released today by 12:30GMT, with major focus concentrated on the G-20 Summit, starting today in Japan.
The yield on the benchmark 10-year Treasury yield rose 1-1/2 basis points to 2.019 percent, the super-long 30-year bond yields also surged 1-1/2 basis points to 2.537 percent and the yield on the short-term 2-year hovered around 1.745 percent by 11:40GMT.
Investors adopt a cautious stance ahead of the eagerly-awaited 1½-hour meeting between US President Donald Trump and his Chinese counterpart Xi Jinping, scheduled around noontime on Saturday, on the side-lines of this week’s G20 summit in Osaka, Japan, Eurobank Economic Analysis & Financial Markets Research reported.
With both sides expressing a desire to resume trade talks, investors see increasing chances for a trade war ceasefire and the resumption of negotiations that could lead to some reduction in trade tensions.
However, reviving trade talks does not guarantee a final deal down the road and, therefore, a renewed escalation in the US-China trade dispute cannot be ruled out completely. Amid rising doubts about the outcome of the meeting, European equity markets were in a consolidation mood in early trade following Asian bourses’ poor performance in today’s session, the report added.
Meanwhile, the S&P 500 Futures traded tad higher at 2,923.38 by 11:45GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -39.72 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
