🌅 Morning Update (17.10.2025) 📞 Presidents Donald Trump and Vladimir Putin held another phone call on Thursday. Trump suggested Budapest as the venue for a future summit, which Putin welcomed. They also discussed the situation in Ukraine, with Putin highlighting Russian forces’ advantage and warning about U.S. plans to supply Tomahawk missiles to Kyiv. 📉 U.S. indices opened higher yesterday but later lost momentum as the government shutdown continues, delaying the release of the September PPI report. 🗣️ Today’s key speakers include Alberto Musalem (Federal Reserve Bank of St. Louis) and Huw Pill (Bank of England). 📊 Asian markets are trading in the red this morning: 🇯🇵 Nikkei 225 −1.28% 🇭🇰 Hang Seng −1.59% 🇨🇳 Shanghai Composite −1.00% 🇦🇺 S&P/ASX 200 −0.75% 💶 In FX, the euro strengthened above 1.1710 USD/EUR, while the Swiss franc gained as USD/CHF slipped to 0.7900. The yen weakened amid talk of possible BoJ intervention, and China’s yuan fixed slightly stronger at 7.0949 per dollar. 💬 Neel Kashkari (Minneapolis Fed) confirmed expectations for two more rate cuts this year, calling them “insurance” moves, while Westpac noted that the November RBA meeting remains “wide open.” 🇯🇵 Japan’s LDP and opposition CDP agreed to vote on the new prime minister on October 21. 🥇 Gold continues its impressive rally, surging above $4,300 per ounce, as investors seek safety amid global uncertainty. 🏦 Today’s earnings: American Express and State Street Corporation report results. ✨ Stay tuned with NordFX for the latest market trends and insights to guide your trading decisions!