📊 Morning Market Update | 24 July 2025 🌍
🇨🇳 Asian stocks held firm:
– CH.cash +0.4%
– JAP225 +0.2%
🇦🇺 Australia’s PMI readings improved:
– Manufacturing: 51.6
– Services: 53.8
💬 RBA’s Bullock cautious on rate cuts; AUDUSD hits 0.6600 – highest since Nov 2024.
🇯🇵 Japan’s PMI dropped to 48.8 – below forecast.
🏛️ Trump visits the Fed today amid Powell scandal rumours and leadership tension. Dollar slightly weaker vs euro.
🇪🇺 Ursula von der Leyen meets Xi to ease EU–China trade stress.
⚠️ Thailand evacuates 40,000 after reports of gunfire on Cambodia border.
💰 Commodities:
– Gold -0.2%, Palladium -1.5%
– Oil & Gas +0.15%
📈 Earnings Highlights:
– Alphabet beat expectations 🚀
– Tesla fell short 📉
– IBM met forecasts, but shares dipped.
🚀 Stay ahead – trade smarter with NordFX!
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