🌅 Morning Market Update (04.11.2025)
📊 Asian indices are trading mixed ahead of the European session:
🇯🇵 Nikkei 225 −0.36%
🇭🇰 Hang Seng +0.25%
🇨🇳 Shanghai Composite −0.19%
Investor sentiment remains cautious amid China’s slowing growth and turbulence in the AI sector.
📉 Futures on U.S. and European indices are also in the red before the opening: S&P 500 −0.9%, Nasdaq −1.2%. After Monday’s rapid rally, traders expect a more restrained session.
🤖 Palantir beat expectations in Q3 2025, posting revenue of $1.18 bn (+63% y/y) and net profit of $476 m. Despite raising guidance and strong government demand (+52%), shares fell > 4% after hours — strong results appear to have been priced in.
🏦 RBA kept rates unchanged at 3.6%. Governor Michele Bullock signalled no further cuts and warned inflation could stay above target until H2 2026. Her hawkish tone weighed slightly on the 🇦🇺 AUD.
💴 Japan’s Finance Minister Satsuki Katayama warned against “unilateral” yen moves, vowing close monitoring of FX markets. The yen hit its weakest level since mid-February, though verbal intervention may limit further losses.
⚡ China announced energy subsidies for major AI data-centre operators — ByteDance, Alibaba, Tencent — cutting power bills by half to boost domestic AI chip production amid U.S. import restrictions.
💵 On the FX market, the USD stays firm, with the DXY near 99.7, a 3-month high. The JPY shows relative strength, while AUD and NZD are the weakest performers.
🥇 Gold −0.65% → ≈ $3,975/oz, still within an overall uptrend.
🛢️ Brent −0.30% → ≈ $64.71/bbl, remaining below the 50-day EMA — the downtrend persists.
💻 Crypto plunged after a DeFi Balancer hack: bitcoin slipped below $105,000, and ether tumbled nearly 9%, deepening risk aversion.
📈 Stay alert — volatility remains high
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