📰 Market Outlook – Tuesday, June 10, 2025

Pre-Market Snapshot (as of ~9 AM ET):

• S&P 500 Futures: +0.05%

• 10-Year Treasury Yield: 4.42%

• Gold Futures: +0.47%

U.S. futures are holding modest gains this morning, bond yields have ticked up to 4.42%, and gold is on the rise as investors await today’s CPI release and follow U.S.–China trade developments.

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What’s Driving the Markets Today

1. U.S.–China Trade Talks
   With talks resuming in London, markets are trading tentatively positive on hopes for incremental progress on tariffs and rare-earth mineral access—even as final outcomes remain uncertain.

2. Inflation Data Looms
   The May CPI report (8:30 AM ET today) is front-and-center. A hotter reading could reinforce “higher-for-longer” rate expectations, while a cooler print might bolster risk assets.

3. Bond Market Repricing
   Treasury yields have drifted higher into the mid-4.4% range as traders adjust their outlook for Fed cuts later this year. Watch for volatility around CPI and any Fed-speaker commentary.

4. Safe-Haven Demand
   Gold’s pre-market gain of 0.47% underscores ongoing haven flows amid mixed macro signals. If CPI surprises to the upside, gold could see further lift alongside volatility in equities.

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What to Watch Today

• May CPI (8:30 AM ET): Headline and core readings will be market-moving, impacting both equities and bond yields.

• Trade News: Any early leaks or statements from negotiators could drive sector rotations—particularly in industrials and tech.

• Fed Speeches: Keep an ear out for remarks from Fed Chair Powell later this week for further clues on policy.

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Bottom Line

With S&P 500 futures up 0.05%, the 10-year yield at 4.42%, and gold gaining 0.47%, markets are cautiously positioned ahead of key data and trade updates. Today’s CPI print and any fresh trade headlines are likely to set the tone into mid-June.