🌅 Morning Market Update (06.11.2025) 📉 US Equities: Wall Street managed a mild rebound – the S&P 500 rose +0.37%, and the Nasdaq gained +0.65%, but futures later erased part of those gains. 🌏 Asia: Markets traded mixed – 🇯🇵 Nikkei 225 slipped 0.5%, while 🇨🇳 Chinese indices (CHN.Cash, CH50) climbed over 1%. 🛢️ Oil: Prices attempt a modest recovery (+0.35%), though WTI still trades below $60. 🏅 Metals: Gold adds 0.2% near $4,000, and Silver rises 0.7% above $48. 💵 Dollar: The greenback weakens – EUR/USD > 1.15, AUD/USD > 0.65, GBP/USD holds 1.30. 💻 Earnings: • Qualcomm beat forecasts with $11.27 bn in revenue (+10% YoY) and EPS $3.00, but a $5.7 bn tax hit caused a GAAP loss – shares fell 3% after hours. • Arm impressed with $1.14 bn revenue (+34%) and upbeat guidance – stock jumped 4.5% post-market. 🌾 China Buys US Wheat: First purchase in over a year (120k tonnes) lifted prices to 550 cents/lb, highest since July. 🤖 Snapchat + AI: Snap surged 14% after announcing a partnership with Perplexity to bring AI tools to the app. 🏦 Morgan Stanley: Raised its oil forecast to $60 (2026), citing limited OPEC+ output growth. 🇯🇵 BoJ: Japan’s Innovation Party warned that a near-term rate hike could harm business sentiment – USD/JPY ~154. 🇪🇺 ECB Event: The ECB Money Market Conference begins today with speeches from top officials. 🌍 Rare Earths: The US and Japan plan a joint venture for mineral extraction near Minamitoi Island to reduce reliance on China. ⚡ Also in focus: • Trump to speak today (15:00 CET) amid the US air traffic crisis ✈️ • OpenAI reportedly seeks $1 trillion in loan guarantees for AI expansion 🤯 • TD Securities expects a rate cut in today’s central-bank decision 📉