📈Morning Headlines📰

[TradingPuzzles]

MARKET VIEW
🟢Euro STOXX 50 futures were down 5 points at 5,525, FTSE futures lost 10.5 points to 9,350, and German DAX futures dropped 13 points to 23,893, by 0430 GMT.

🟢Shares in Asia mostly edged higher and gold continued its record climb as markets weighed prospects for a U.S. government shutdown that would delay closely watched jobs figures.

🟢Oil prices fell as another anticipated production increase by OPEC+ and the resumption of oil exports from Iraq's Kurdistan region via Turkey reinforced the outlook for a looming supply surplus.

GLOBAL TOP NEWS
🟢President Donald Trump secured Israeli Prime Minister Benjamin Netanyahu's backing on Monday for a U.S.-sponsored peace proposal to end a nearly two-year-old war in Gaza, but questions loomed over whether Hamas would accept the plan.

🟢U.S. President Donald Trump said on Monday he was slapping 10% tariffs on imported timber and lumber and 25% duties on imported kitchen cabinets, bathroom vanities and upholstered furniture, continuing his tariff assault on global trading partners.

🟢China's manufacturing activity shrank for a sixth month in September, an official survey showed, suggesting producers are waiting for further stimulus to boost domestic demand, as well as clarity on a U.S. trade deal.

[kelson10]

Oil prices fell as another anticipated production increase by OPEC+ and the resumption of oil exports from Iraq's Kurdistan region via Turkey reinforced the outlook for a looming supply surplus.🤭

[TradingPuzzles]

@kelson10 Yes indeed very big movement

[Couturier]

The oil market reaction is clear — with OPEC+ production hikes and Kurdish exports resuming, the supply side is weighing heavily. Curious to see how demand factors balance this out in coming weeks.

[jacson4]

President Donald Trump secured Israeli Prime Minister Benjamin Netanyahu's backing on Monday for a U.S.-sponsored peace proposal to end a nearly two-year-old war in Gaza, but questions loomed over whether Hamas would accept the plan.