🌅 Morning Market Update (07.11.2025)
📉 Asian-Pacific markets opened mixed today.
🇨🇳 Chinese indices slipped between 0.10–0.70%, 🇯🇵 Japan’s JP225 edged up 0.05%, while 🇦🇺 Australia’s AU200.cash lost 0.54%.
💱 On the forex market, volatility remains subdued early in the day.
💵 The US dollar is slightly stronger (USDIDX +0.17%).
Among the weakest currencies are 🇳🇿 NZD and 🇯🇵 JPY (−0.10–0.20%), while 🇦🇺 AUD shows mild strength (+0.10–0.15%).
🚗 Tesla has approved a record $1 trillion performance-based pay plan for Elon Musk over 10 years, linked to milestones such as 20M cars sold, 1M robotaxis, and 1M humanoid robots — a bold leap from the 1.7M EVs delivered in 2024.
🤖 The White House confirmed it will ban export licences for Nvidia’s AI chips to China, reversing earlier signals of possible flexibility from President Trump.
🏦 Fed officials continue their cautious tone.
Cleveland Fed’s Beth Hammack said policy should stay “restrictive”, while St. Louis Fed’s Alberto Musalem expects a mild Q4 slowdown before a 2026 rebound, noting inflation risks from tariffs and large fiscal deficits.
💸 In China, the PBoC withdrew a net 1.57 trillion yuan from the banking system — the largest liquidity reduction since January 2024.
🇯🇵 Japan’s household spending rose 1.8% y/y (5th monthly gain) but missed forecasts (+2.5%). Exports fell 1.1%, and imports rose 1.0%, both below expectations.
📈 JPMorgan remains bullish, calling any equity correction a buying opportunity, predicting the S&P 500 could break above 7000 thanks to strong earnings and resilient US growth.
🌍 President Trump met with Central Asian leaders, announcing plans to strengthen cooperation on critical raw materials. 🇰🇿 Cove Capital has already acquired 70% of Kazakh deposits, marking a strategic move
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