Welcome to today’s market update! Let’s break down the key economic releases and their impact.

• UK GDP Beats Forecasts – The UK economy grew 0.4% m/m, stronger than the expected 0.1%, with industrial production rising 0.5%. However, business investment fell by 3.2%, signaling some economic caution.
• Eurozone Industrial Weakness – Industrial production dropped by -1.1%, much worse than the expected -0.6%, suggesting further economic slowdown.
• US Inflation & Labor Market – Core PPI held steady at 0.3%, and PPI m/m increased 0.4%, indicating persistent inflation. Meanwhile, unemployment claims dropped to 213K, showing a strong labor market.
• New Zealand Manufacturing Rebounds – The BusinessNZ Manufacturing Index jumped to 51.4, returning to expansion from the previous 46.2.

Stronger US labor data and steady inflation figures could boost the DXY, while weak Eurozone production may pressure the euro lower, providing further support to the dollar.

• Bitcoin (BTC):$47,300 (-1.2%)
• Gold:$2,035/oz (Flat)
• Silver:$23.85/oz (-0.4%)

That’s your quick market recap. Stay tuned for more updates, and happy trading!

Market Highlights:Impact on DXY (Dollar Index):Commodities & Crypto Snapshot: