🌍 Macro and Geopolitics
🔥 US–Iran talks over reopening the Strait of Hormuz keep oil swinging. Brent is down 1.4% to about $96.7, WTI at $88.9. 🛢️
🏦 Core PCE rose just 0.2% m/m in August (forecast 0.3%), and the annual rate eased to 3.0%. Odds of an October Fed hike are around 38%. ✅
⚠️ The US 10-year yield is still elevated at 5.28%, close to multi-decade highs.
🌏 Asian Markets
🇯🇵 Nikkei 225: +3.1% to 68,840 on chip and AI stocks. The Tankan large manufacturers index came in at 24 (forecast 25, previous 22) 🚀
🇰🇷 KOSPI: +1.6% to 6,946. South Korea's September exports jumped 83.5% y/y 📈
🇦🇺 ASX 200: –1.8% to 8,635. Australia's manufacturing PMI slipped to 49.6 🔻
🇮🇳 Nifty 50: –0.3% to 22,563
🇨🇳🇭🇰 China and Hong Kong are closed for National Day. Last closes: Hang Seng 24,613 (+0.4%) and Shanghai Composite 3,842 (+0.3%) 🏮
🗽 Wall Street (Wednesday)
S&P 500 –0.25% to 7,652 | Dow –0.86% to 50,906 | Nasdaq +0.24% to 26,861 📊
💱 Market Snapshot
💶 EUR/USD: 1.1316 (–0.1%)
💴 USD/JPY: 158.33 (+0.6%)
🥇 Gold: $4,182 (+0.6%)
🥈 Silver: $61.26 (+1.4%)
₿ Bitcoin: $84,253 (+1.0%)
Ξ Ethereum: $2,713 (+1.4%)
📅 Today's Calendar (GMT+3)
🇨🇭 09:30 Swiss CPI
🇪🇺 11:00 Eurozone Manufacturing PMI
🇺🇸 15:30 Jobless Claims
🇺🇸 17:00 ISM Manufacturing PMI
🎤 BoE's Bailey and Fed's Barkin, Collins and Schmid also speak
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