U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty 
Canada Signals Delay in US Tariff Deal as Talks Shift to USMCA Review 
Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns 
Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets 
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
The U.S. Treasuries jumped massively on Tuesday, on a large-scale demand for safe-haven assets as investors are worried over the ongoing disturbed political situation in Italy and huge sell-off in the euro currency pairs. Data-wise, not much relevance seems today, but developments in the Italian periphery will continue to dominate financial markets.
The yield on the benchmark 10-year Treasuries remained slumped nearly 9 basis points to 2.84 percent, the super-long 30-year bond yields plunged nearly 7 basis points to 3.02 percent and the yield on the short-term 2-year too traded 7 basis points lower at 2.41 percent by 11:35GMT.
The highlight of the week in the US will be the May labor market report on Friday. Non-farm payrolls are expected to have increased by about 190k, the average rate of the past twelve months, while the unemployment rate is expected to remain unchanged at 3.9 percent, the lowest since 2000. Following an increase of just 0.1 percent m/m in April, average hourly earnings are expected to jump 0.3 percent m/m taking the annual rate back up to 2.7 percent y/y.
The same day brings the May ISM manufacturing indices as well as April construction data. Wednesday will bring the second estimate of Q1 GDP, which is expected to reaffirm the initial growth estimate of 2.3 percent q/q annualized, as well as the Fed’s latest Beige Book and the May ADP employment change figure. And Thursday will bring April personal income and spending along with the associated PCE deflators.
In terms of today, the Conference Board consumer confidence indices for May along with the S&P CoreLogic CS house price data for March are the most noteworthy data.
Meanwhile, the S&P 500 Futures slipped 0.66 percent to 2,700.00 by 11:40GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained slightly bullish at 87.93 (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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