🌅 Morning Update (06.02.2025)

📈 Asia-Pacific Markets:

Most indices in the region are trading with a positive sentiment:

• 🇨🇳 CH50cash: +0.71%
• 🇯🇵 JP225: +0.35% to 39,000 points
• 🇸🇬 SG20cash: +0.04%
• 🇦🇺 AU200cash: +0.55%

📊 European Futures:

Futures point to a higher opening for European indices:

• 🇩🇪 DAX: +0.17%, holding above 21,700 points
• 🇬🇧 UK100: +0.23%
• 🇪🇺 EU50: +0.14%

🏦 Key Event of the Day:

The Bank of England is set to announce its interest rate decision today. Analysts expect a 25 basis point cut to 4.50%.

💱 Currencies:

• 🥇 The strongest currency in G10 so far is the Japanese yen, followed by the US dollar, which is rebounding after yesterday’s sharp drop. The USDJPY is down 0.09% to 152.4200.
• 🥈 The weakest performer is the New Zealand dollar.

🌐 Geopolitical Updates:

• 🇺🇸 US Defence Secretary Pete Hegseth will visit Panama in April to discuss strategies against illegal migration and drug trafficking.
• 🚢 The Panama Canal Authority has rejected claims that US government ships could pass without fees, potentially escalating tensions after former President Trump's control threats.

🏦 Bank of Japan Update:

Naoki Tamura of the BOJ remarked that the terminal rate remains uncertain and emphasized there’s no fixed timeline for rate hikes, despite previous comments about hitting 1% by fiscal year-end.

💬 US Fed Update:

🇺🇸 Federal Reserve Vice Chair Philip Jefferson expressed contentment with keeping rates steady. Even with a potential 100 bps cut in H2 2024, policy will remain restrictive to curb inflation.

🥇 Commodities:

• Gold: +0.10% to 2,870 USD per ounce
• Silver: +0.15% to 32.30 USD

🪙 Crypto Market:

After yesterday's Wall Street-induced decline, crypto markets are rebounding today:

• ₿ Bitcoin: +1.60% to 98,100 USD
• 🪙 Ethereum: +1.86% to 2,840 USD
• 📈 Altcoins Market Cap: +2.10% to 890 billion USD

Stay tuned for further updates! 📢