🌅 Morning Update – 29.09.2025 📈 Asia-Pacific markets opened mixed: 🇨🇳 China +0.80–1.10% 🇯🇵 JP225 −0.30% 🇦🇺 AU200.cash +0.66% 💵 Dollar weakness: USIDX −0.20–0.30% 💶 EUR/USD +0.20% 💴 USD/JPY −0.41% 🥇 Gold surged above $3,800 (+1% daily, +10% monthly), heading for its strongest month since July 2020. Safe-haven demand fuels the rally. 🛢️ Oil dipped at the open but recovered after reports that OPEC+ may raise quotas by ~137 kb/d. Iraq restarted Kirkuk–Ceyhan flows (~180–190 kb/d). Markets stay cautious ahead of the OPEC+ meeting. 🏦 Shutdown risk in the U.S. remains elevated but eased compared to the weekend. BofA sees a 0.1 pp GDP drag per week if it happens. 📉 UBS puts the probability of a U.S. recession in 2025 at 93%, but describes the economy as “weak, not collapsing.” 🚗 Tesla is set to release Q3 sales, with consensus at 448–456k deliveries (vs. 463k last year), boosted by end-of-quarter U.S. tax credits. 🌍 Geopolitics: Xi is said to be pressing Trump on Taiwan in exchange for progress on a trade deal. ⚡ Stay tuned with NordFX for the latest updates and opportunities in global markets!