Morning Update (11.02.2025) 🌅

US Markets Rally 🚀💹

📊 American indices kicked off the week on a bullish note, driven by tech giants and the semiconductor sector:

• S&P 500: 📈 +0.7%
• Nasdaq: 📈 +1.15%
• DJIA: 📈 +0.35%
• Russell 2000: 📈 +0.55%

🛠️ Companies in the materials sector surged after 25% tariffs on steel and aluminium imports were announced.

M&A Activity in Pharma 💊💼

📰 Merck KGaA is in advanced talks to acquire SpringWorks Therapeutics (SWTX.US). The deal could be finalised soon, pushing SpringWorks shares up nearly 36% today! 📈🔥

European Markets Resilient 🇪🇺✨

📉 Despite tariff concerns, European indices are holding strong:

• DAX: 📈 +0.57%
• CAC 40: 📈 +0.4%
• FTSE 100: 📈 +0.77%
• FTSE MIB: 📈 +0.5%

Asian Markets React to Tariff News 🌏📉

📉 Asian markets showed mixed performance:

• Hang Seng: 🔻 -0.62%
• Shanghai Composite: 🔻 -0.16%
• KOSPI: 📈 +0.41%
• ASX 200: ⚖️ Flat

⛩️ Japan’s markets were closed for a national holiday.

Forex Market Movements 💱🌐

💪 The Australian dollar (AUD) and New Zealand dollar (NZD) are leading gains in the G10 currencies.

📈 The US Dollar Index (USDIDX) rose 0.22% due to tariff news.

💶 Meanwhile, the euro strengthened against the dollar (+0.18%), with remarks from ECB President Christine Lagarde keeping markets focused on inflation control.

Precious Metals Shine ✨🪙

💛 Gold: 📈 +1.50% to $2,905/oz

⚪ Silver: 📈 +0.70% to $32/oz

🏦 Central banks, including China's PBOC, continue to increase gold reserves to counter geopolitical and inflationary risks.

Crypto Market Update 🪙📊

🚀 Moderate optimism in the crypto market today:

• bitcoin: 📈 +0.90% to $97,300
• Ethereum: 📈 +2.00% to $2,680

💡 Despite these gains, market sentiment remains cautious as bitcoin approaches historical highs.

📢 Stay tuned and trade wisely! 📈💹🤑