\ud83c\uddfa\ud83c\uddf8 Over the weekend, a US appeals court ruled that most of Donald Trump\u2019s tariffs on Canada, Mexico and China were illegal, saying only Congress can impose such duties. The decision is stayed until 14 October, but odds favour the repeal of major tariffs\u200a\u2014\u200aa move that could ease pressure on companies and support\u00a0growth.<\/p>\n
\ud83e\udd47 Gold keeps shining: Friday closed at a record $3,452\/oz, and prices climbed further to $3,477\u200a\u2014\u200aclose to the $3,500\u00a0mark.<\/p>\n
\ud83d\udcc9 Wall Street slipped on Friday\u200a\u2014\u200aNasdaq -1%+, S&P 500 -0.6%\u200a\u2014\u200aled by tech stocks. Futures remain weak this morning (US100 -0.2%, US500 -0.11%), with Alibaba in focus after news it will produce its own AI\u00a0chips.<\/p>\n
\ud83c\udf0f Asia opened softer: JP225 -0.12%, CH50cash -0.88%, though Chinese markets still showed strong August gains (+10% in tech). Europe also weaker, with DE40 below\u00a024,000.<\/p>\n
\ud83d\udcb1 EUR\/USD trades near 1.1711 after PCE inflation matched forecasts, boosting expectations for a Fed rate cut.
\ud83d\udee2 Oil stays under pressure, WTI below $64.
\ud83d\udcca PMI updates: China mixed (official 49.4, Caixin 50.5), Japan at 49.7, Australia stronger at\u00a053.0.<\/p>\n
\ud83d\ude97 Tesla cut Model 3 prices in China by 3.7%, now around $36,000.
\ud83d\udcbb Bitcoin trades just above $107,000.<\/p>\n
\ud83c\uddfa\ud83c\uddf8\ud83c\udde8\ud83c\udde6 Markets in the US and Canada are closed today for Labour\u00a0Day.<\/p>\n
\u2728 Stay tuned with NordFX\u200a\u2014\u200athe coming weeks promise no shortage of opportunities! \ud83d\ude80<\/p>\n
\ud83c\udf05 Morning Update (01.09.2025)<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":" \ud83c\uddfa\ud83c\uddf8 Over the weekend, a US appeals court ruled that most of Donald Trump\u2019s tariffs on Canada, Mexico and China were illegal, saying only Congress can impose such duties. The decision is stayed until 14 October, but odds favour the repeal of major tariffs\u200a\u2014\u200aa move that could ease pressure on companies and support\u00a0growth. \ud83e\udd47 Gold […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-93009","post","type-post","status-publish","format-standard","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/93009"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=93009"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/93009\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=93009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=93009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=93009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}