Sensei's Morning Forecast: IPO Floodgates Open | XRP x Air China | Rate Cut Data in Focus

Three blockbuster IPOs test investor appetite, XRP steps into global aviation with Air China, and traders brace for data that could make or break September’s Fed cuts.

👀 Today’s Key Stories at a Glance

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• 🚀 IPO Wave: Klarna, Gemini, and Figure target $2.1B combined, testing investor appetite for fintech-crypto IPOs.

• ✈️ Webus & Air China: XRP-enabled travel platform could reshape loyalty programs, pending global regulatory approvals and China’s crypto restrictions.

• 🔍 Google Antitrust Ruling: Judge avoids breakup but mandates data sharing, bans exclusivity deals, reshaping competition in U.S. search.

• 💰 Crypto.com IPO: Exchange posts $1.5B revenue, weighs IPO as Fed policy and crypto rally align for 2025.

• 🇬🇧 UK Budget: Reeves sets November 26 budget amid soaring borrowing costs, tightening fiscal headroom, and rising sterling volatility.

• 🔍 Deeper Dive: If services cool, claims drift higher, productivity holds, and labor costs ease, September rate cuts stay alive—hot or crashing prints risk derailing markets.

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🧠 One Big Thing

The IPO floodgates are opening: Klarna, Gemini, and Figure are set to raise over $2.1 billion next week, marking the busiest wave of listings since 2021.

💰 Money Move of the Day

Watching how traditional assets like gold evolve can sharpen your investment edge. You don’t need to buy in—but understanding what tokenization does to settlement speed, liquidity, and transparency could reshape how you evaluate everything from ETFs to real estate.

📊 Market Snapshot

Cryptocurrencies:
Bitcoin (BTC): $110,864 (▼ -0.76%)
Ethereum (ETH): $4,422 (▼ -0.65%)
XRP: $2.85 (▲ +0.20%)

Equity Indices (Futures):
S&P 500 (SPX): 6,459 (▲ +0.15%)
NASDAQ 100: 23,512 (▲ +0.27%)
FTSE 100: 9,192 (▲ +0.11%)

Commodities & Bonds:
10-Year US Treasury Yield: 4.197% (▼ -0.47%)
Oil (WTI): $63.65 (▼ -0.95%)
Gold: $3,538 (▼ -0.62%)

🕒 Data as of
UK (BST): 12:20 / US (EST): 07:20 / Asia (Tokyo): 20:20

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✅ 5 Things to Know Today