🌅 Morning Market Vibes | 26.03.2025 🌏 Asia-Pacific mirrors the caution seen in yesterday’s U.S. session. Most major indices are either slightly red or barely moving: 🇨🇳 China down 🔻0.15–0.30% 🇯🇵 JP225 slips 🔻0.15% 🇸🇬 SG20cash climbs 🔺0.43% 🇦🇺 AU200.cash edges up 🔺0.15% 📉 U.S. futures tick slightly lower after Wall Street’s weak close. Traders are on edge ahead of next week’s tariff announcements from the U.S. 💸 Weakest currency today? The 🇯🇵 Japanese yen, down 🔻0.4–0.6% across G10 after a dovish speech by BoJ’s Ueda. 🎙️ Ueda flagged Japan’s recent inflation as “very high” but driven by temporary factors like import and food costs. No reason to hike – yet. However, if food prices keep climbing, rate hikes may still be on the table. 📊 Australia’s CPI (Feb) came in at 2.4% y/y (vs 2.5% expected) – comfortably within the RBA's 2–3% target. Still, a rate cut next week? Highly unlikely – this wasn’t a quarterly CPI and the RBA has been pretty hawkish lately. 🏛️ Chicago Fed’s Goolsbee says the U.S. economy is entering a new phase and warns long-term inflation expectations could be a real threat. 📉 Rate cuts? Still expected in the next 12–18 months – but the Fed might wait and see for now. 🇨🇳 China: Advisors at the Boao Forum urge Beijing to boost domestic demand, especially in services. Confidence & income remain key. 📈 Morgan Stanley upgrades Chinese stocks, incl. MSCI China & Hang Seng, citing better corporate discipline & growing shareholder returns. 🇺🇸 Trump sends mixed messages on upcoming April 2 tariffs – hinting at both limited exemptions and potentially softer rates. ⚠️ Goldman Sachs warns: markets may be too relaxed about tariffs – a harsher outcome could still surprise.