🌅 Morning Update | 25.06.2025 📈 Asian stock markets opened higher today, supported by Wall Street’s overnight rally — though gains remain modest: 🇯🇵 Nikkei +0.32% 🇭🇰 Hang Seng +0.81% 🇦🇺 ASX 200 +0.15% 💹 Ahead of the European cash session: 📊 Futures are slightly in the green 🥇 Gold and silver up ~0.15% 🔥 NATGAS jumps 4% (contract rollover) 🛢 Crude oil up 0.22% 🌍 No major geopolitical headlines from Asia – Israel-Iran tensions remained calm overnight. 🗣 Powell Watch: The Fed Chair told Congress that new tariffs could drive inflation in June–August. If that doesn’t happen, the Fed may cut rates earlier than expected. 🇦🇺 Australia’s May CPI came in at 2.1% y/y vs. forecast 2.3% — a dovish surprise. 🇯🇵 BoJ remains split on future rate hikes, citing tariff and inflation risks. 📊 Japan’s Services PPI: +3.3% y/y (vs. 3.1% expected) 💱 FX Market: Low volatility overall, except for the 🇳🇿 NZD, which is gaining sharply. 🇯🇵 JPY and 🇨🇦 CAD are slightly weaker this morning. 🗓 Macro Focus Today: 🇪🇸 Spain GDP 🇨🇿 CNB interest rate decision 🗣 Powell’s second day of testimony 🛢 US oil inventory data (key for crude traders)