Good morning! Tuesday greets us with peace in the Middle East, but a possible war between India and Pakistan - look below to see what happened!
Outside of global conflicts, we take a look at 2025 tariff revenue, the aftermath of the failed Korean coup and gold, which is looking for new ATH.
Stay ahead of the game with out forward-looking morning brief.
Top Movers
#1 Tariff Revenue
Trump tariffs are projected to generate around $200 billion in FY 2025 that ended September 30th.
Last reading put the revenue at $195 billion, however traders debate whether they should take into account net or gross (before refunds) reading. Also the final end of year report might include some minor changes, putting the revenue in the other bracket.
#2 Gaza Board of Peace Coming After All?
Odds of a Gaza Board of Peace being created this year surged again.
Seems like the plan is being pushed ahead, with the US working hard to move forward. However we are only 50 days away from 2026 and with end of year being usually a slower period, there are doubts Trump will manage to finish the process in time.
#3 India-Pakistan Possible Escalation
Traders adjusted the odds of Indian strike on Pakistan after a terrorist attack.
Eight people were killed in a blast after a car exploded near the Red Fort landmark in Indian capital Delhi. If India finds out that Pakistani extremists are behind the attack there is a high risk we will see another round of fighting. Earlier this year hostilities were triggered by a terrorist attack as well.
#4 Korean Jail Drama
The odds of Park Sung-jae going to jail by November 15th surged briefly.
Special counsel once again sought for an arrest warrant for the ex-Justice Minister, after the previous one was rejected for lack of sufficient evidence. The special counsel puts Park Sung-jae at the center of the unsuccessful coup trial by ex-president Yoon. However traders are now skeptical of the evidence as well as the timeline.
#5 Gold Projected To Go Higher
After a brief slump, gold is once again expected to close above $4,000 this year.
Gold had an amazing run this year, rising over 57%. However it had a bit of a slump recently, dropping just below $4,000. Now it is on the rise again, gaining 4.4% in the last 5 days.
Wrap up
That’s all for today - did you catch any of the moves? See you tomorrow for another Morning Brief!
This is not official investment or life advice. Do your own research. This are only my opinions and I encourage anyone to do their own research before putting any money anywhere.