๐ Asia in the Green
Asian markets rallied with tech stocks leading gains, riding on Wall Streetโs overnight strength:
๐ฏ๐ต Nikkei: +0.5%
๐ฐ๐ท KOSPI: +0.2%
๐ฆ๐บ ASX 200: +1.1%
๐จ๐ณ CSI 300 remained flat ahead of the LPR decision.
๐ป US & Europe Futures
๐บ๐ธ US futures steady as markets await NVIDIA earnings:
S&P 500 futures +0.15%.
๐ช๐บ European futures hint at a positive open: STOXX 50 +0.55%.
๐ต Dollar & Rates
Dollar ๐ retreats from one-year highs as markets digest Trump policy expectations.
Treasury yields ease: 10-year at 4.408%.
Fed rate cut? Markets see a 58.4% chance in December.
๐ฆ๐บ RBA Minutes
RBA remains cautious on inflation, leaning towards restrictive policy. Cash rate likely unchanged till mid-2025. AUD steady at $0.6504.
๐น Japanese Yen Watch
JPY supported at 154.47 after Finance Minister's warning on volatility. BOJโs dovish stance holds firm despite weak economic data.
โฟ Bitcoin on the Move
Bitcoin trades at ๐ฐ $91,713 after MicroStrategyโs record $4.6B purchase of 51,780 coins (avg: $88,627). Trump optimism cools as markets await policy clarity.
๐ข๏ธ Oil & Gold
Oil: Brent +$73.45, WTI +$69.31 on production halts in Norway and Kazakhstan.
Gold: ๐ $2,622 as dollar weakens and tensions rise following US-authorized strikes into Russia.
๐ณ๏ธ Trumpโs Treasury Hunt
Marc Rowan (Apollo CEO) and Kevin Warsh (ex-Fed Governor) emerge as Treasury picks after John Paulson exits.
๐ Goldmanโs S&P Prediction
Goldman joins Morgan Stanley: S&P 500 target 6,500 by end-2025, expecting 11% earnings growth. Warns of tariff and yield risks.
๐๏ธ Chinaโs Property Push
Beijing and Shanghai roll out tax breaks to stimulate housing, including VAT exemptions for resales held over 2 years. More cities likely to follow.
๐ IMF's Asia Warning
IMF flags risks from US-China tariff disputes but holds 2024 Asia growth forecast at 4.6%.
๐ท Boeing Job Cuts
Boeing to lay off 2,500 workers in US hubs, part of broader 17,000 job reductions.
๐ What to Watch Today:
๐ช๐บ Eurozone October CPI (final).
๐บ๐ธ US housing data.
๐ฃ๏ธ Speeches: Fedโs Schmid, BOEโs Bailey, and ECBโs Elderson.
Stay tuned! ๐ข
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