📅 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
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