May 15 (Reuters) – A look at the day ahead in U.S. and global markets by EMEA markets breaking news editor Amanda Cooper. It’s shaping up to be another ‘risk-off’ day for the markets, with stocks, the dollar, and commodities declining, while bond prices are rising and safe-haven currencies such as the Japanese yen and the Swiss franc are gaining strength. The initial optimism from the U.S.-China trade truce earlier this week has faded, leaving traders looking for new data on U.S. consumer spending and regional business surveys, as well as comments from Fed Chair Jerome Powell. The Reuters markets team provides all the necessary information to start your day. Key developments include Republican advancements on President Trump’s budget package, involving tax cuts and reduced healthcare spending, and discussions between South Korean and U.S. officials regarding the dollar/won exchange rate. The Korean won has strengthened significantly since April 2, raising speculation that the Trump administration may pressure trading partners to appreciate their currencies. Additionally, Walmart’s first-quarter earnings will be closely watched amid challenges from tariffs, trade disruptions, and consumer boycotts. — new from Reuters