Market Minutes
Read snapshots of the latest market news
Nikkei at record high on Japan stimulus hopes
A combination of rising expectations of expansionary policy in Japan and stronger-than-expected Chinese economic data propelled the Nikkei 225 to a record closing high. Chinese third-quarter GDP, industrial production and retail-sales figures exceeded analysts’ forecasts, supporting broader Asian equities.

US indices rise on easing trade tensions
Easing commercial tensions between the United States and China, together with broadly resilient bank earnings, supported a weekly recovery in major US equity indices. At the same time, the Bank of England signalled that interest-rate cuts may need to be implemented more slowly amid persistent inflationary pressures.

US shutdown drags on as gold hits record high
A failure to reach a bipartisan agreement in the US Senate has left the government shutdown in place, exacerbating uncertainty and prompting investors to seek safe havens. Gold futures rose to a new record, while major US equity indices declined amid concerns.

China deflation persists; Japan, EU industrial output falls
Consumption and production indicators in major economies showed contraction. China recorded deflation in its consumer price index, while industrial production in Japan and the European Union contracted.

Silver and gold reach record prices simultaneously
Silver and gold futures reached new all-time highs as investors sought safe havens amid geopolitical and economic uncertainty and in anticipation of monetary easing by the Federal Reserve.

Broadcom rallies after OpenAI deal; indices rebound
Broadcom's shares helped US markets recover after a strategic alliance between the semiconductor producer and OpenAI was announced.

US markets plunge following Trump's tariff announcement
US markets and the dollar index depreciated amid an escalation in trade tensions between the US and China. In turn, oil benchmarks fell, while gold reclaimed the $4,000 per ounce level.

Dollar rises amid expectations of Japanese monetary easing
The US dollar index has risen for four consecutive days, with the Japanese yen leading currency depreciations, while German trade data has shown a contraction in both exports and imports.

German production dips, RBNZ cuts rates
Today's report focuses on relevant economic data. Industrial production in Germany came in below estimates, registering its sharpest drop since August 2021. In turn, the Reserve Bank of New Zealand (RBNZ) surprised the market with an interest rate cut of 50 basis points, larger than analysts had estimated. Meanwhile, crude oil inventories in the US have been rising for two consecutive weeks, indicating a potential supply build-up.

Gold price reaches a record $4,000 amid ongoing US shutdown
Today's report focuses on relevant financial and political developments. The gold futures contract (GCZ5) reached $4,000 per ounce for the first time in its history, reflecting investors' continued search for safe-haven assets. Meanwhile, the government shutdown in the US continues due to Congress failing to reach a federal budget deal, complicating forecasts for the Fed's next decision.
