🌅 Morning Update | 13.05.2025 📈 Asian Markets Advance on Tariff Truce Asian equities moved higher following the U.S.–China agreement to reduce tariffs for 90 days: 🇯🇵 Nikkei 225: +0.38% to 37,644.26 🇰🇷 KOSPI: +1.17% to 2,607.33 🇦🇺 ASX 200: +0.03% to 8,234.00 🤝 U.S.–China Implement 90-Day Tariff Reductions The U.S. and China have agreed to temporarily reduce tariffs, with U.S. duties on Chinese goods falling from 145% to 30%, and Chinese tariffs on U.S. goods reduced from 125% to 10%. The move lifted global investor sentiment and revived hopes for renewed trade cooperation. 💵 Dollar Strengthens Amid Trade Optimism The U.S. Dollar Index climbed to 101.78, supported by easing geopolitical tensions and a rebound in investor confidence. 📊 Wall Street Posts Strong Gains U.S. markets closed significantly higher on Monday: S&P 500: +3.3% to 5,844.19 DJIA: +2.8% to 42,410.10 Nasdaq: +4.4% to 18,708.34 🪙 Gold Declines as Risk Appetite Returns Gold prices slipped to around $3,232 per ounce, as safe-haven demand weakened in response to improving global trade conditions. 💰 Bitcoin Faces Resistance Near $104K Bitcoin is trading near $104,000, struggling to break through resistance between $104,000 and $106,000. Traders are eyeing inflation data for further direction. 📅 CPI Report in Focus The U.S. Consumer Price Index (CPI) for April is due today, with forecasts pointing to a 3.1% annual increase—slightly lower than March's 3.4%. Markets are watching closely for signs of cooling inflation.