🌅 Morning Market Update | 29.05.2025 📉 Wall Street closed lower on Wednesday ahead of Nvidia’s earnings: • S&P 500: -0.56% • Dow Jones: -0.58% • Nasdaq: -0.51% • Russell 2000: -1.08% 📈 Futures have since rebounded by 1.3% after Nvidia’s strong results. 💻 Nvidia (NVDA.US) surged nearly 5% after hours! 🧠 Q1 revenue jumped 69% YoY to $44.1B, and EPS beat expectations ($0.81 vs. $0.73). 🔮 The chipmaker forecasts Q2 gross margin at 72% (up from 61%). ⚖️ Tariffs ruled illegal: The U.S. Court of International Trade blocked most Trump-era tariffs (10% global, China, fentanyl-related), declaring them unlawful. 🔁 Only a successful appeal could reinstate them. 💬 FOMC Minutes: The Fed feels current rates are well-positioned. ⚠️ But warns that sticky inflation risks remain — driven by trade policy uncertainty and scale. 🌏 Asia-Pacific Markets Soar on Nvidia & tariff news: 🇰🇷 Kospi: +1.8% 🇯🇵 Nikkei 225: +1.67% 🇨🇳 HSCEI: +1.3% 🇦🇺 ASX 200: +0.2% 🇮🇳 Nifty 50: -0.1% (slight correction) 🚀 Chinese chip stocks rallied as U.S. restricts exports to China. 💱 Forex: USD strengthens across the board 📊 USD Index: +0.43% 🇨🇭 USDCHF: +0.68% | 🇯🇵 USDJPY: -0.7% | 🇪🇺 EURUSD: -0.43% (1.124) 🛢 Commodities: Oil rises on tariff ruling ➕ • Brent: +1.5% • WTI: +1.6% • NATGAS: +0.45% 🥇 Gold corrects: -0.6% ($3,267/oz) 🪙 Crypto: Market mood stays positive • Bitcoin: +0.3% ($107,700) • Ethereum: +3.6% ($2,730) • Sushi: +4.8% | Apecoin: +3.8% • Dogecoin: +2.5% | Polygon: +2.3% | Chainlink: +1.1%