🌅 Morning Update | 16.10.2025 📈 Wall Street finished yesterday’s session higher, though most gains faded in the second half of trading. Today, U.S. index futures are on the rise 💹 after strong quarterly results from TSMC, while investors await comments from central bankers — the September PPI report won’t be released due to the government shutdown. 🏢 Among today’s key earnings: Intuitive Surgical, Charles Schwab, Infosys, U.S. Bancorp, Travelers, and BNY Mellon. 💰 TSMC posted a record profit of NT$452B in Q3 (vs. NT$405B expected), with revenue up 30% y/y to NT$989B and a 59.5% gross margin. CAPEX for the first three quarters reached USD 29.4B. 📊 The Fed’s Beige Book showed wages rising across all districts, though some regions warned of slower growth if the shutdown continues. Economic activity overall remains stable. 🌏 In Asia, markets traded mixed: 🇨🇳 Hang Seng -0.8% 🇯🇵 Nikkei +1.2% 🇦🇺 ASX +0.9% after mixed labour data (unemployment 4.5%, jobs +14.9K). 🇳🇱 In the Netherlands, unemployment ticked up to 4.0%. 💶 EUR/USD holds near 1.166, while gold stays flat above $4,200/oz, and silver slips 0.5%. 🛢️ After Trump’s claim that India agreed to halt Russian oil imports, Brent and WTI initially rose but Brent has since retreated toward $62/bbl. ✨ Markets remain alert as investors balance corporate results, geopolitical news, and signs of resilience in global growth. Stay tuned with NordFX for the latest market insights!