🌅 Financial Markets Morning Report – October 15, 2025, 08:20 AM CEST

Key Takeaway:
Markets open with a cautious tone: most major indices posted modest declines overnight, gold remains near record highs, and oil prices are steady. Today’s focus is on U.S. economic data and ongoing trade tensions.

📈 Today’s Session Closing Prices

Index	Closing Price	Change (%)
DAX (Germany)	24,236.94	-0.62%
FTSE 100 (UK)	9,452.77	+0.10%
IBEX 35 (Spain)	15,586.40	-0.22%
Euro Stoxx 50	5,552.05	-0.29%
CAC 40 (France)	7,919.62	-0.18%

U.S. Indices (October 14, 2025 – Closing Prices)

Index	Closing Price	Change (%)
S&P 500	6,644.31	-0.16%
Dow Jones Industrial Avg.	46,270.46	+0.44%
Nasdaq Composite	22,521.70	-0.76%

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🔮 Current Live Futures Prices (as of 08:20 AM CEST)

Futures Index	Price	Change (%)	Volume
Euro Stoxx 50 Futures	5,635	-0.83%	11,960
DAX Futures	24,236.94	-0.62%	N/A

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💱 Other Asset Prices (Live, as of 08:20 AM CEST)

Asset	Price	Change (%)
EUR/USD	1.1634	+0.15%
Gold (USD/oz)	4,189.74	—
WTI Crude Oil (USD/bbl)	58.63	—
Brent Crude Oil (USD/bbl)	62.27	—
Bitcoin (BTCUSD)	112,797	—
Ethereum (ETHUSD)	4,103.19	—

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📰 Market-Influencing News (Summary)

• US-China Trade Tensions: New US tariffs on Chinese tech imports and China’s retaliatory sanctions have increased market volatility.
• Fed Signals More Rate Cuts: Jerome Powell signaled two more rate cuts likely this year.
• IMF Cautions on Global Growth: The IMF warns that global growth remains at risk from ongoing trade disputes.
• Goldman Sachs Layoffs: The bank is planning layoffs and a hiring slowdown to focus on AI.
• OpenAI & Walmart Partnership: Walmart will integrate with ChatGPT, expanding AI-driven retail experiences.
• Automotive Disruption: Ford paused SUV production after a supplier fire.

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📅 Economic Indicators Scheduled for October 15, 2025

Time (CEST)	Indicator/Event	Region	Impact/Notes
14:30	Advance Retail Sales	U.S.	Key consumer spending gauge
14:30	Business Leaders Survey	U.S.	Service sector outlook
14:30	Philadelphia Fed Manufacturing Survey	U.S.	Regional manufacturing
14:30	Producer Price Index (PPI)	U.S.	Key inflation indicator
16:00	Business Inventories	U.S.	Inventory trends
16:00	Reserve Demand Elasticity	U.S.	Monetary policy insight
17:30	Weekly Economic Index	U.S.	Real-time activity
—	German ZEW Survey (June)	Europe	Sentiment, market-moving
—	Eurozone CPI (May final)	Europe	Inflation, ECB policy

No major Spain-specific indicators scheduled for today.

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🌍 Global Geopolitical News (with Emphasis on Spain and Europe)

• US-China Trade Escalation: New tariffs and sanctions heighten global trade risks, impacting European exporters and supply chains.
• Political Uncertainty in France: French political risk continues to weigh on the euro and regional equities.
• ECB Rate Cut: The ECB’s recent 0.25% rate cut to 3.75% is its first in five years.
• Russia–Ukraine Conflict: Ongoing war keeps European energy costs elevated.
• Spain: No major new local developments; Spanish equities remain sensitive to global risk sentiment and Eurozone policy.

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📦 Summary Box:

• Most major indices posted modest declines overnight, with the DAX and Nasdaq underperforming.
• Gold remains near record highs at $4,189.74/oz, reflecting persistent safe-haven demand.
• Oil prices are steady, and the euro is slightly stronger against the dollar.
• Today’s focus: U.S. retail sales, inflation data, and ongoing trade tensions.