🌅 Morning Market Update (06.11.2025)
📉 US Equities: Wall Street managed a mild rebound – the S&P 500 rose +0.37%, and the Nasdaq gained +0.65%, but futures later erased part of those gains.
🌏 Asia: Markets traded mixed – 🇯🇵 Nikkei 225 slipped 0.5%, while 🇨🇳 Chinese indices (CHN.Cash, CH50) climbed over 1%.
🛢️ Oil: Prices attempt a modest recovery (+0.35%), though WTI still trades below $60.
🏅 Metals: Gold adds 0.2% near $4,000, and Silver rises 0.7% above $48.
💵 Dollar: The greenback weakens – EUR/USD > 1.15, AUD/USD > 0.65, GBP/USD holds 1.30.
💻 Earnings:
• Qualcomm beat forecasts with $11.27 bn in revenue (+10% YoY) and EPS $3.00, but a $5.7 bn tax hit caused a GAAP loss – shares fell 3% after hours.
• Arm impressed with $1.14 bn revenue (+34%) and upbeat guidance – stock jumped 4.5% post-market.
🌾 China Buys US Wheat: First purchase in over a year (120k tonnes) lifted prices to 550 cents/lb, highest since July.
🤖 Snapchat + AI: Snap surged 14% after announcing a partnership with Perplexity to bring AI tools to the app.
🏦 Morgan Stanley: Raised its oil forecast to $60 (2026), citing limited OPEC+ output growth.
🇯🇵 BoJ: Japan’s Innovation Party warned that a near-term rate hike could harm business sentiment – USD/JPY ~154.
🇪🇺 ECB Event: The ECB Money Market Conference begins today with speeches from top officials.
🌍 Rare Earths: The US and Japan plan a joint venture for mineral extraction near Minamitoi Island to reduce reliance on China.
⚡ Also in focus:
• Trump to speak today (15:00 CET) amid the US air traffic crisis ✈️
• OpenAI reportedly seeks $1 trillion in loan guarantees for AI expansion 🤯
• TD Securities expects a rate cut in today’s central-bank decision 📉
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