🌅 Morning Update | 06.05.2025 📈 Asia in the green Markets rally on renewed 🇺🇸-🇨🇳 trade optimism: 🔹 Shanghai +0.8%, CSI 300 +0.9% 🔹 Hang Seng +0.5% 🔹 ASX 200 & Straits Times stay flat as traders eye today's Fed meeting. 🤝 U.S.-China talks back on track? Treasury Sec. Bessent sees “substantial progress” ahead, calling current 145% tariffs “an embargo.” Trump claims China "wants a deal badly" 🇨🇳 insists: no talks unless tariffs go. Dialogue possible — but only with "sincerity." 🏦 Fed dilemma Meeting kicks off today 📅 with officials torn between rate cuts and inflation control amid trade turmoil. No change expected, but divisions are growing inside the Fed. 💊 Pharma shake-up Trump signs order to fast-track domestic drug production 🏭 and warns of new tariffs in 2 weeks — over $200B in imports at stake. 🇪🇺🇮🇳🇨🇳 firms in the crosshairs. ⚖️ Google under fire DOJ wants to break up Google's ad empire 🧨 — calling for AdX & DoubleClick sell-offs. Google hits back, calling it "overreach" that would harm the market. 🛢️ Oil bounces back After a brutal drop 📉 Brent climbs 1.5% to $61.15, WTI to $58.02. But prices still down over 20% since April on OPEC+ moves and tariff fears. 📉 China’s services slow April PMI dips to 50.7 😬 as U.S. tariffs bite. 🛍️ May Day spending +8% YoY, but per capita growth just +1.5%. 🎬 Cinema sales halve vs 2024. 💱 Currency moves 🟢 Yuan +0.6% (6-week high) 🛡️ HK buys $7.8B to defend peg 🔻 Taiwan dollar -3.7% after massive rally