Market Minutes
Read snapshots of the latest market news
US markets fall amid employment and consumption worries
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.

US markets slide amid tech overvaluation worries
US equity indices fell for the week as investors reassessed lofty valuations in technology stocks—particularly firms exposed to artificial intelligence (AI)—while the ongoing US federal funding lapse raised concerns about delayed official employment statistics.

ADP jobs top forecasts; US tariffs spark concern
Private payrolls unexpectedly rose more than analysts had forecast, tempering near-term expectations of Federal Reserve easing, while the US Supreme Court heard arguments that could curtail the White House’s authority to impose tariffs.

Private hiring dips amid US shutdown; dollar strengthens
Private-sector job postings have fallen sharply while the US federal funding lapse approaches record length, generating heightened market uncertainty. US equities fell on the shutdown-related risks, while the US dollar strengthened as markets questioned the likelihood of a December Fed rate cut.

Palantir at record high as US markets show mixed performance
The Nasdaq outperformed other US indices after Palantir Technologies reported stronger-than-expected third-quarter results and raised guidance for Q4 2025 on robust AI demand. By contrast, the Dow underperformed amid a soft ISM manufacturing PMI, which extended the sector’s run of contraction to eight months.

Amazon hits record highs as US stocks climb
US equity markets advanced after a wave of third-quarter results that largely exceeded expectations, led by Amazon’s strong performance. Investors weighed robust corporate fundamentals against recent hawkish commentary from Federal Reserve Chair Jerome Powell, who warned that a December rate cut is not assured.

US stocks fall on Meta earnings, AI cost concerns
US equity indices declined after Meta Platforms reported a substantial year-on-year fall in earnings per share (EPS), which weighed on market sentiment and prompted broad profit-taking. Investors also pared expectations for a 25-basis-point Federal Reserve cut in December following comments from Chair Jerome Powell.

Fed cuts rates and will finish QT, no December cut guarantee
The Federal Reserve reduced its policy rate by 25 basis points and announced that its quantitative-tightening (QT) programme will end on 1 December. The committee emphasised that a further reduction at the December meeting is not assured and that future decisions will remain data dependent.

Apple nears $4 trillion as Trump pushes for rate cuts
Apple’s market capitalisation approached US$4 trillion as investors anticipated robust iPhone 17 revenues and the company’s resilience amid US–China commercial tensions. At the same time, President Donald Trump intensified public pressure on the Federal Reserve to adopt a more aggressive easing stance ahead of this week’s policy decision.

Global stocks hit records on US–China trade optimism
Major equity indices in the United States, Europe and Asia closed at record levels amid growing optimism about a potential US–China trade agreement and expectations that the Federal Reserve will begin cutting interest rates this week.
