🌅 Morning Market Update | 11.07.2025 📉 Wall Street Pullback Futures for the S&P 500, Nasdaq, and Dow Jones are down ~0.2% after recent gains. The Russell 2000 (US2000) sees a sharper drop of -0.4%. 🇺🇸 Trump Escalates Trade War Donald Trump has slapped a 35% tariff on Canada, accusing it of “financial retaliation.” He also warned that other countries may face 15–20% tariffs. 🏛️ Fed Weighs In Chicago Fed President Austan Goolsbee said tariffs haven’t fuelled inflation as expected — but piling on more duties may delay rate cuts. He also questioned Trump’s logic on rates and debt, reaffirming the Fed’s focus on inflation and employment, not politics. 🌏 Asia-Pacific Mixed Markets react unevenly to US trade moves: 🔺 Hang Seng: +1.7% 🔺 HSCEI: +1.5% 🔻 Nikkei 225: -0.15% 🔻 ASX 2000: -0.3% 🔻 Nifty 50: -0.75% 🇨🇳 China Eyes Stimulus A PBOC adviser calls for a ¥1.5T ($209B) stimulus to offset tariffs, boost demand, and support the yuan. Proposals include rate cuts, tax reforms, and SME lending support. 🚛 EV Boom in China Electric truck sales surged +175% YoY in H1 2025, slashing diesel demand. Growth driven by subsidies and charging infrastructure. 🇳🇿 NZ Manufacturing June PMI improved to 48.8 (up from 47.5), but still below 50. 💱 Forex Snapshot 📈 USD Index: +0.2% (Tariff boost) 🔻 JPY: USDJPY +0.4% 🔻 CAD: USDCAD +0.25% 🔻 NZD: NZDUSD -0.25% 🔻 EURUSD: 1.168 (-0.2%) 🔸 USDCHF: +0.1% ⚖️ AUD: Flat 💰 Metals Shine 🥇 Gold: +0.3% to $3,340 🥈 Silver: +1% to $37.38 🛢️ Oil & Gas Brent, WTI & NatGas start flat after Thursday’s dip. 🪙 Crypto Rally Rolls On 🚀 Bitcoin: +1.5% → $118,360 🚀 Ethereum: +1.75% 🚀 Solana: +1.7% 🚀 Ripple: +1.8% 📊 Stay informed. Trade smart. With NordFX. 💼