🛢️ Oil shock and a pivotal central bank week
The US–Iran conflict and Houthi attacks on Saudi targets keep energy markets on edge. Brent is down about 2% at ~$110 after Friday’s near-$117 high, its highest since 2022. Costly oil keeps inflation fears alive just as the Fed, ECB, BoJ and Bank of Canada meet. ⚠️
🌏 Asian markets
Mixed session, with chip and tech names weighing on Korea. 😬
🇯🇵 Nikkei 225: 62,435 (–0.4%)
🇰🇷 Kospi: 5,476 (–1.3%)
🇨🇳 Shanghai Composite: 3,694 (+0.1%)
🇭🇰 Hang Seng: 23,215 (+0.5%)
🇦🇺 ASX 200: 8,810 (+0.2%)
🇺🇸 Wall Street (Friday close)
S&P 500: 7,624 (–0.5%) | Dow: 52,215 (–1.2%) | Nasdaq: 25,955 (–0.2%). Concerns over AI spending and rising bond yields hit stocks. 📉
💱 Currencies
💶 EUR/USD: 1.1216
💷 GBP/USD: 1.3370
💴 USD/JPY: 157.09
Quiet FX trading as markets position for the Fed. 🤝
🥇 Gold: ~$4,008, edging up after falling about 4% last week, its worst week in over four months. 🔄
₿ Crypto: Bitcoin ~$80,090 | Ethereum ~$2,319. Both are slightly lower on the day, with BTC hovering at the key $80K level. 🪙
📅 This week
🗓️ Wed: Fed decision (hold at 3.75–4.00% expected, Warsh press conference), Bank of Canada (hike to 2.50% expected)
🗓️ Thu: ECB (hold expected), US Q3 GDP, September PCE inflation
🗓️ Fri: Bank of Japan (hold at 1.25% expected)
A December Fed hike remains largely priced in. 👀
Trade smart with NordFX! 🚀
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