Market Minutes
Read snapshots of the latest market news
December cut priced in while markets eye delayed US figures
With a December Fed cut largely in the price, equities, bonds, and bullion have firmed while the dollar cools only at the margins. The next test is today’s catch-up prints—retail sales and PPI—unlikely to move the needle unless they deliver a genuine surprise.
25 Nov 2025, 09:01
Yen falls ahead of UK budget review and RBNZ rate move
A quiet Asia session left the yen’s late-week bounce without follow-through, as BoJ delay bets, UK fiscal risk, an RBNZ cut, and a heavy US data backlog shaped the week’s opening tone.
24 Nov 2025, 09:00
US markets lift despite growing uncertainty over inflation data
US equity markets staged a sizeable intraday recovery despite the Bureau of Labor Statistics announcing that October’s consumer-price index will not be published and that November’s CPI release will be delayed. The data gap increases uncertainty for the Federal Reserve ahead of its policy decision, prompting markets to place greater weight on private indicators.
21 Nov 2025, 21:45
Fed minutes highlight splits while cut expectations drop
Minutes of the Federal Open Market Committee revealed a clear division among policymakers, prompting markets to scale back expectations of near-term easing and driving a notable appreciation of the dollar. At the same time, consumer-price inflation in the United Kingdom and euro-area slowed modestly, and oil prices fell despite a larger-than-expected weekly drop in US crude inventories.
19 Nov 2025, 23:57
Japan GDP decline backs Takaishi’s push for stimulus measures
Japan’s third-quarter GDP slipped more than expected, sharpening the new administration’s argument for fresh fiscal stimulus and adding pressure on the Bank of Japan to move cautiously on tightening. The contraction was driven largely by a sharp housing pullback and softer exports, while underlying domestic demand remained resilient.
17 Nov 2025, 08:59
Gold retreats on uncertain US policy path
Gold prices fell sharply after hawkish commentary from several Federal Reserve officials reduced the market’s confidence in near-term easing. At the same time, oil rallied following damage to Russian energy infrastructure that disrupted exports. Meanwhile, the activity indicators from China surprised to the downside, prompting modest weakness in Chinese equities.
14 Nov 2025, 22:42
Fed cut hopes fade, prompting market retreat
Hawkish commentary from several Federal Reserve officials prompted a marked repricing of policy expectations and a sharp correction in equity markets. The market-implied probability of a 25-basis-point cut at the December FOMC meeting fell significantly, and major US indices declined by more than 1.5 per cent.
13 Nov 2025, 23:52
Pound weakens following soft UK employment data
The United Kingdom’s labour market showed signs of deterioration this month: the unemployment rate rose and payrolls contracted, prompting renewed uncertainty over the Bank of England’s policy path and weighing on sterling.
11 Nov 2025, 23:31
Markets rise as optimism builds around resolving the shutdown
Major US equity indices rallied as markets welcomed the Senate’s approval of a funding bill that—if passed by the House and signed by President Donald Trump—would end the federal shutdown. The prospect of restored government operations reduced policy uncertainty and boosted risk appetite.
10 Nov 2025, 22:34
US equities weaken amid signs of softer hiring and spending
US equity indices closed the week lower amid growing concern over the absence of official employment data, elevated valuations in technology stocks and a deterioration in consumer confidence.
7 Nov 2025, 23:02