Overnight Markets And News

The dollar index (DXY00 -0.11%) is down -0.08%. EUR/USD (^EURUSD +0.19%) is up +0.10%. USD/JPY (^USDJPY-0.32%) is down -0.29%.

Jun 10-year T-note prices (ZNM18 +0-015) are up +2.5 ticks.

Philadelphia Fed President Harker told the WSJ he raised his Fed rate hike estimate for this year to a total of three 25 bp rate increases, up from two rate hikes he projected in Jan, saying “it's more the firming of inflation that has moved me from two to three” projected rate increases this year.

The German Mar unemployment change fell -19,000 to 2.373 million, better than expectations of -15,000. The Mar unemployment rate fell -0.1 to a record low of 5.3%, right on expectations.

UK Mar GfK consumer confidence rose +3 to a 10-month high of -7, stronger than expectations of no change at -10.

U.S. Stock Preview