According to CME “Fed Watch”: there is a 99% probability that the Federal Reserve will keep rates unchanged in June, and a 1% probability of a cumulative 25 basis point rate cut.

Wells Fargo said Marvell Technology (MRVL.US) has performed strongly this year, and as the company prepares to release its latest quarterly earnings report, its stock price remains poised for further gains. The investment bank rated the chipmaker "Overweight" and raised its price target from $240 to $310, suggesting an upside of nearly 31% from last Friday's closing price. "We view Marvell as a chip company with an independent growth logic, and believe its performance may outpace the industry's

Spot platinum just hit the $1,880.00/oz mark, last trading at $1,879.90/oz, flat on the day; Nymex platinum futures main contract last traded at $1,898.7/oz, up 0.16% on the day.

Spot gold has just broken through the $4,650.00/ounce mark, currently quoted at $4,649.93/ounce, up 0.99% on the day; the main COMEX gold futures contract is currently quoted at $4,707.80/ounce, up 0.58% on the day.

U.S. Treasury bonds extend gains, with the 10-year Treasury yield falling by 4 basis points to 4.70%.