📅 Morning Update | 07.05.2025 🚀 Asian markets are up on trade hopes! 📈 Hang Seng jumped +1.5% leading the region after news that 🇺🇸 and 🇨🇳 will meet this weekend in Switzerland. 🟢 CSI 300 and Shanghai Comp added +0.5% 🟢 Nikkei 225 rose +0.3% 🟢 S&P 500 Futures up +0.75% 🤝 U.S.-China trade talks confirmed Treasury Sec. Bessent & Trade Rep. Greer will meet China's He Lifeng. Bessent is hopeful: “Productive talks ahead.” China cautious: “Listen to words, watch the actions.” 👀 📉 NZ jobs data weak: Jobless rate stuck at 5.1% Wages slowed to +0.4% ➡️ Rate cut bets rise, with RBNZ likely going below 3.0% this year. ⚔️ India-Pakistan military clash escalates. Despite the tension, 🇮🇳 Gift Nifty Futures still up +0.5% 🏦 China rolls out stimulus: 7-day repo rate cut 🔻 to 1.40% RRR cut by 50bps ➡️ ¥1T liquidity boost More stock market support coming ⏳ Fed decision due today No rate move expected, but all eyes 👁️ on Powell’s comments for clues on July cuts. 🛢️ Oil rebounds from lows: 🟢 Brent +0.7% | WTI +0.9% Support from trade talk buzz + U.S. output cut signals 🥇 Gold drops as risk appetite returns 🔻 Spot -1.3% | Futures -0.9% 📉 Other metals also down as the 💵 dollar firms