📊 Morning Market Update | 13 August 2025 🌏 📈 Asia on the Rise Japan’s 🇯🇵 Nikkei 225 (+1.5%) and Topix (+0.9%) hit fresh records, while Hong Kong’s 🇭🇰 Hang Seng jumped +1.9% on optimism in real estate and Chinese subsidies. Most Asian indices followed Wall Street’s rally, where the S&P 500 (+1.13%) and Nasdaq (+1.39%) closed at all-time highs on Fed rate cut expectations. 🏦 Fed Signals & US Data US Treasury Secretary Scott Bessent even hinted at a possible 50 bps cut in September 📉, citing a weaker labour market. Euro Stoxx 50 futures are up +0.3%, with US futures rising slightly. 💵 FX Moves The US dollar is consolidating after CPI-driven declines. DXY slipped to 97.1, EUR/USD paused below 1.1678, and USD/JPY rebounded above 148.10 on weaker Japanese producer inflation. 📊 Japan & Australia Data 🇯🇵 PPI slowed to +0.2% m/m and +2.6% y/y in July, easing cost pressures. 🇦🇺 Wages rose 3.4% y/y in Q2 (vs. 3.3% forecast), potentially limiting the RBA’s room for deeper cuts despite slower quarterly growth. 🌐 Trade & Geopolitics The US & China agreed to new trade talks in 2–3 months, though tariff relief will hinge on fentanyl-related progress. Meanwhile, 🇨🇳 will impose a 75.8% duty on Canadian rapeseed starting Thursday, escalating a dispute after Canada’s EV tariffs. 📅 Today’s Watchlist Markets await Germany & Spain CPI, Bank of Canada minutes, and speeches from Fed officials. 💹 Crypto Check Sentiment is mixed: Bitcoin (BTC) is down -0.5% this morning, while Ethereum (ETH) is surging +1.45% 🚀. 🔍 Stay ahead of the markets – trade smart with NordFX! 📲💼