🌅 Morning Market Update | 23 October 2025 📈 S&P 500 futures are in the green this morning, while Japan’s Nikkei 225 slipped 1.3% after a weak Wall Street session. In contrast, India’s Nifty rose (+0.7%) on reports the US may reduce tariffs on Indian goods. Meanwhile, DAX and Euro Stoxx 50 futures are slightly lower. 💵 The USD is taking the lead again, strengthening after several days of correction. The JPY remains the weakest among G10 currencies — USD/JPY stands at 152.41 (+0.28%). 🛢 WTI oil climbed to $60.80 (+2.46%), extending gains after the US imposed new sanctions on Rosneft and Lukoil, and urged India and the EU to further restrict Russian oil imports. President Trump stated the move aims to “encourage Putin to act rationally” in peace talks with Ukraine. 🥇 Gold trades near $4,091/oz, holding steady as investors await Friday’s US CPI release. 🤝 Trump–Xi talks remain on the agenda, with hopes of new deals on trade, raw materials and soybeans. However, tensions persist between Washington and Moscow after unsuccessful meetings in Budapest and Alaska. 🚗 Tesla delivered record results: revenue $28.1B (+12% y/y), record FCF $3.99B, and strong energy storage growth (+81% y/y). Margins, however, fell due to higher costs and tariffs. 💻 SAP disappointed on revenue (€9.08B vs €10.61B expected) and EPS (€1.72 vs €1.73), though its cloud services surged +27% y/y, reinforcing long-term prospects through AI integration. 📊 What to watch today: 🇹🇷 CBRT interest rate decision 🇺🇸 US natural gas inventory data 🇨🇦 Canada retail sales report Markets are closely watching developments around new US sanctions, India’s oil policy, and Trump–Xi trade discussions - along with continued moves in Tesla and SAP shares. 🚀 Trade smart with NordFX: 👉 https://account.nordfx.com/acc...