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June 26th - As oil prices fell by more than 3% and the market reassessed the outlook for US interest rates, US Treasury yields and the dollar declined. The CME FedWatch Tool showed that the probability of one rate hike this year remains high at 42%, while the probability of a second rate hike has fallen from 34% a week ago to 28% as inflation expectations cool. A Wall Street Journal survey indicated that the University of Michigan Consumer Sentiment Index, expected to be released at 10:00 AM ET (10:00 PM Beijing time), is projected to rise from 44.8 to 49.
Market news: Russian President Vladimir Putin will meet with Belarusian President Alexander Lukashenko on Friday.
The U.S. Geological Survey reported a 6.5-magnitude earthquake 34 kilometers southwest of Sarangani in the Philippines.
U.S. merchandise imports rose 3.6% month-over-month in May; merchandise exports fell 5.4% month-over-month in May.
The U.S. goods trade deficit in May was initially estimated at $105.8 billion; the market had expected a deficit of $85 billion.