🌅 Morning Update (28.11.2025) 📈 Risk appetite continues to lift sentiment. Nasdaq futures tick up 0.2%, while Bitcoin rises above $91.8K, gaining more than 10% from last week’s dip near $81K. 🌏 Asian markets moved unevenly. Chinese indices slipped slightly, while 🇯🇵 Japan edged higher. 🇰🇷 KOSPI is closing November with a 4% decline, its weakest month since October 2024. 🇯🇵 Japan’s data came in broadly stronger. 🏘️ Housing starts increased 3.2% y/y (vs forecast –4.9%). 🛍️ Large-scale retail sales rose 5% y/y (previous 3%). 🏭 Industrial production gained 1.4% m/m, beating expectations of –0.6%, although softer than the earlier 2.6%. 🛒 Retail sales rose 1.7% y/y, above the 0.8% estimate. 💴 Foreign investment in Japanese stocks dropped to –348.7B (previous 1,020.9B), while bond inflows increased to 576.5B. 📊 Tokyo inflation stayed elevated. Core CPI came in at 2.8% y/y, slightly above the 2.7% estimate, while headline CPI printed 2.7%, matching the forecast. 🇪🇺 European sentiment is also mixed. Germany reported a small –1K change in unemployment (better than the expected 4.5K), and import prices rose 0.2% m/m, beating forecasts. ⚠️ CME trading halt: A technical issue forced the CME to suspend futures and options trading, affecting US Treasuries and S&P 500 contracts. Traders also reported disruptions in forex trading on the EBS platform. 👉 Stay tuned with NordFX for more updates and keep your strategy sharp in fast-moving markets.