🌅 Morning Update | 05.06.2025 📉 Wall Street stayed calm ahead of today’s key NFP jobs report. 🇺🇸 Index moves were mixed: • 📊 DJIA -0.2% • 📊 Russell 2000 -0.2% • 📊 Nasdaq +0.3% • 📊 S&P 500 flat 📉 10-year Treasury yield fell nearly 10 bps. 🧾 Weak U.S. data (ADP & ISM) raised hopes for Fed rate cuts. Fed’s Kashkari ⚖️ balanced this by noting inflation remains too high, even as the labour market shows early signs of softening. 🌏 Asia-Pacific mostly cautious: 🇰🇷 Kospi +1% 🇨🇳 HSCEI +0.5% 🇯🇵 Nikkei 225 -0.45% (hit by weak 30-yr bond auction) 📈 China’s Caixin Services PMI beat forecasts at 51.1 — showing modest post-truce growth, but export demand still weak. 💱 Forex: USD recovers slightly (USD Index +0.1%) ⬇️ JPY, CHF weaken ⬆️ NZD gains modestly 🇪🇺 EURUSD dips -0.07% after touching above 1.40 🛢️ Commodities: • Brent -0.2% • WTI -0.38% • 🥇 Gold -0.2% to $3,365 ₿ Crypto: • Bitcoin +0.11% → $104,790 • Ethereum +0.25% → $2,613 📊 All eyes on today’s U.S. jobs data — volatility may return soon.