🏦 Fed Keeps Markets Guessing
Fed Chair Warsh declined to signal the next move, saying the Fed won’t pre-judge meetings and will decide in October and December. The dollar slipped (DXY ~101.8) after yesterday’s hot US data: September PPI jumped 1.3% m/m (6.3% y/y) and retail sales rose 0.8%. 🔥 The next FOMC meeting is October 27–28. Oil risks stay elevated amid Saudi–Houthi tensions and attacks on shipping. 🛢️
🌏 Asian Markets
Asia rebounds after Thursday’s AI and chip rout 📈
🇰🇷 Kospi +2.8% (after a near 8% plunge)
🇯🇵 Nikkei +1.8%
🇭🇰 Hang Seng +1.1%
🇹🇼 Taiex +0.7%
🇨🇳 China blue chips +0.3%
🇮🇩 Jakarta Composite –11% on MSCI’s proposed downgrade ⚠️
🇺🇸 Wall Street
S&P 500 closed at 7,744 (+0.3%), the Dow rose 1.1%, and the 10-year yield settled near 5.09%. Money rotated out of chips into healthcare and financials. US futures are slightly lower this morning. 🔄
💱 Forex
EUR/USD is near 1.1215. USD/JPY has slipped below 158.00. AUD/USD is near 0.6950. 💵
🥇 Commodities
Gold is recovering toward $4,200/oz. Brent is near $105. 🛢️
₿ Crypto
BTC is around $82,000 and ETH around $2,440. BTC bounced from the $80K support. 🚀
🗓️ Today’s Calendar
🇨🇿 10:00 Producer Price Index y/y
🇺🇸 16:15 Industrial Production m/m (September)
Times are GMT+3.
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