Tomorrow US CPI will be a key release for the week in the US. In other event news today,and this week the US treasury will auction 3, 10 and 30 year coupon issues starting with the 3 year note today at 1 PM ET.
EUR: -0.11%
GBP: +0.30%
CAD: -0.04%
NZD: -0.13%
This morning in the US, The NFIB Small Business Optimism Index rose to 98.8 in May, beating expectations of 95.9 and up from 95.8 in April, slightly above the 51-year average of 98. The increase was primarily driven by more positive expectations for business conditions and sales growth. However, uncertainty remains elevated, with the Uncertainty Index rising two points to 94. Notably, 18% of small business owners cited taxes as their top concern, the highest reading since December 2020. According to NFIB Chief Economist Bill Dunkelberg, while optimism improved, the economy remains vulnerable amid ongoing policy and economic uncertainty.
US 2Y T-Note: 3.9868% (↓1.6 bps)
US 5Y T-Note: 4.0610% (↓2.6 bps)
US 30Y T-Bond: 4.9111% (↓4.3 bps)
In the US stock market,t he major indices are now trading higher with the futures currently implying:
Dow Industrial Average +15 pointsS&P index up 8.62 pointsNasdaq index up 35 points.
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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