🌅 Morning Market Update – 15.09.2025 📊 Asia-Pacific: Stocks traded mixed as weak 🇨🇳 China data weighed on sentiment. Industrial production +5.2% y/y (📉 vs 5.8% forecast, 12-month low) Retail sales +3.4% (weakest since Nov 2024) Fixed asset investment +0.5% YTD (lowest in 5 years) Real estate investment −12.9% 🏠 Jobless rate ↑ to 5.3% (6-month high) 🇺🇸🇨🇳 No progress in US-China trade & fentanyl talks, making a Beijing summit unlikely. 🇫🇷 Fitch cut France’s rating to A+ (from AA-). OAT bond yields rose on the downgrade. 🇳🇿 NZ Services PMI fell to 47.5 (18th month <50), signalling deeper contraction. 🇪🇺 Europe: Euro Stoxx 50 futures +0.3% after small Friday gains. 💵 FX: DXY dollar index steady, low volatility ahead of central bank meetings & Fed decision on Wed. ⚡ Trump warned new sanctions on 🇷🇺 Russia will follow only if all NATO allies join and fully stop Russian oil imports. 🛢️ Commodities: WTI crude +0.85% NATGAS also higher 🥇 Gold steady near record highs 📅 Today’s calendar: German wholesale prices (Aug), NY Fed manufacturing index (Sep), plus ECB speeches (Lagarde, Schnabel, Rehn). ✨ Stay sharp — a big week is coming! Trade the moves with NordFX