🌅 Morning Update – 02.10.2025 🌍 📈 Asia leads the way Markets opened strong in Asia: 🇯🇵 Nikkei +1.2% 🇭🇰 Hang Seng +1.6% The spotlight was on tech – SK Hynix hit a 25-year high (+9%) and Samsung gained 4%+ after news of their deal with OpenAI. 💬 Japan’s consumer sentiment ticked up to 35.3 (from 35.2), showing gradual improvement. 🌍 Global momentum Asian optimism lifted European & U.S. futures: 📊 US100 +0.25%, trading near 25,100. Today’s key releases: ⏰ 09:00 GMT – Eurozone labour market data ⏰ 12:30 GMT – U.S. jobless claims ⏰ 14:00 GMT – U.S. durable goods revision 📉 Labour market & Fed outlook Markets welcomed weaker ADP data yesterday, fuelling bets on two more Fed cuts this year. The NFP report is likely delayed due to the U.S. government shutdown – leaving the Fed with dovish signals. 🏦 Mixed outlook • Goldman Sachs: higher chance of accelerated U.S. growth. • S&P Global: shutdown adds uncertainty. • Fitch Ratings: impact limited short-term, but prolonged shutdown could weigh on growth. 🪙 FX & Commodities Shutdown fears are seen as dovish – supporting gold while putting pressure on the USD. 📊 Corporate movers • Intel climbed after reports of talks to add AMD as a foundry client. • Pfizer +6% after an analyst upgrade and reports Trump delayed pharma tariffs to negotiate lower drug prices. 💊 The White House confirmed tariff plans are on hold while deals with pharmaceutical giants are discussed. ✨ Markets are moving fast – stay alert, trade smart, and let NordFX be your guide! 🚀