đ Wall Street Rebounds Slightly
US indices recovered part of Fridayâs losses after Donald Trumpâs conciliatory weekend message and signals from Beijing suggesting readiness to resume trade talks.
đŹ Talks Still On the Table
Scott Bessent confirmed that the TrumpâXi meeting remains scheduled, though he warned the prolonged government shutdown is starting to weigh on economic activity. Meanwhile, Chinaâs Ministry of Commerce said discussions with the US continue, even as Beijing launched an investigation into US tariffs affecting its transport sector.
đșđž Market Overview
S&P 500 gained 1.5%, Nasdaq +2.2%, but futures opened weaker today (US500 -0.35%, US100 -0.5%). In Asia, markets are mostly lower: Nikkei 225 -0.35%, HK.cash -0.2%, while South Koreaâs đ°đ· KOSPI hit a record high thanks to Samsungâs strong outlook.
đŠđș Australia in Focus
NAB Business Confidence rose to 7 points in September (vs 4 in August). The RBA minutes revealed patience regarding rate cuts, noting strong property activity despite restrictive rates. The bank considers AUDâs strength consistent with fundamentals, signalling no further tightening ahead.
đŠ Global Outlook
Goldman Sachs warns the US shutdown could become the longest ever, trimming 0.11% off Q4 growth weekly. Yet GS expects a rebound once the government reopens and anticipates a Fed rate cut in October. Rabobank sees AUD/USD rising from 0.65 short term to 0.68 within a year.
đ° Commodities
Gold surged to $4,167/oz, Silver above $53/oz with borrowing costs hitting 30% per month on the London exchangeâââforcing shorts to cover. Oil slipped below $60/barrel (WTI), and natural gas nears $3/MMBTU.
đ Todayâs Highlights
đșđž No macro data due to shutdownđŁ Fed Chair Powell speaks at 18:20 CETđ§Ÿ Earnings season begins: JP Morgan, Goldman Sachs, Citi, Wells Fargo, BlackRock, and J&J report today.
đ Stay tuned with NordFX for all the latest market updatesâââtrade smart and stay ahead of the curve! đč
đ Morning Market Update | 14 October 2025 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.