Wall Street Hits Record High as Softer Inflation Data Eases Fed Rate Hike Fears 
Asian Currencies Steady Ahead of US CPI as Oil Prices Rise 
Oil, Gold Rise as Geopolitical Risks Grip Markets Ahead of U.S. CPI 
Oil Prices Fall as U.S. Crude Inventories Surge and Hormuz Tensions Persist 
US Dollar Slips as Softer PPI Data Eases Fed Rate Hike Expectations 
European Stocks Rise as U.S. Inflation Data Eases Fed Rate Hike Fears 
Asian Stocks Rally as Cooling US Inflation Boosts Fed Rate Outlook 
Gold Prices Retreat From Two-Month High as Softer Inflation Eases Fed Rate Hike Bets 
KOSPI Rebounds 20% as Samsung, SK Hynix Lead South Korea Stock Rally 
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The U.S. Treasuries more than offset the gains seen over the past 24 hours as investors turned risk-takers after reports claimed that Italy’s 2 biggest political parties – 5-Star and the League have taken a step forward in forming a coalition government and reach an agreement on the selection of economy minister.
The yield on the benchmark 10-year Treasuries remained jumped 11 basis points to 2.87 percent, the super-long 30-year bond yields surged 8-1/2 basis points to 3.05 percent and the yield on the short-term 2-year traded 9 basis points higher at 2.41 percent by 11:40GMT.
In the US, the second estimate of Q1 GDP, due tomorrow, is not expected to deviate from the preliminary growth reading of 2.3 percent q/q annualized. Advance goods trade report for April as well as the ADP employment figures will be of interest to financial markets too, Daiwa Capital Markets reported.
Meanwhile, the S&P 500 Futures rose 0.50 percent to 2,705.50 by 11:45GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -25.53 (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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