Dollar Rises Amid Absence of Fresh Themes October 7, 2025 The U.S. dollar strengthened overnight by 0.6% against the kiwi and sterling, 0.5% relative to the euro, Aussie dollar and Swiss franc, and 0.4% versus the Japanese yen. U.S. stock futures are holding buy not extending Monday’s gains. Major European stock markets show modest 0.2-0.4%…
Significant Political Developments in the G7 October 6, 2025 (171) French Prime Minister Lecornu resigned unexpectedly, acknowledging an inability of the cabinet to compromise on a budget framework. This was the third prime ministerial resignation in less than a year and the briefest cabinet stint in modern times. Such raises the possibility of an early…
Next Week’s Menu: October 4 – 10, 2025 October 3, 2025 Central Banks: Monetary policy stances will be reviewed in Thailand, New Zealand, Romania, Poland and the Philippines. Several Fed officials including Powell, Bostic, Bowman and Kashkari have public speaking opportunities, and minutes of the last FOMC meeting will be published. The Bank of England’s…
Another Upbeat Day in the Marketplace in Spite of Ongoing U.S. Shutdown and a Disappointing ISM Non-Manufacturing PMI Report October 3, 2025 U.S. equities rose further into record territory, led by a 1.2% advance thus far in the small cap-laden Russell 2000 (+1.2%) and a 0.9% climb in the DOW. Key stock markets from other…
Egyptian Interest Rate Cut October 2, 2025 The Central Bank of Egypt‘s overnight deposit rate underwent its fourth cut since April. Analysts were anticipating a reduction of 100 basis points or perhaps as much as the April and August cuts of 200 bps. Monetary officials went with 100 basis points. The six percentage point cumulative…
Thursday Recap October 2, 2025 This second day of the U.S. Federal government shutdown has been uneventful in world financial markets. Some two hours before the close of the U.S. stock exchange, major indices are flat to marginally firmer, which is still a smaller improvement than experienced in some foreign stock markets such as South…
Third Quarter 2025 in Figures October 1, 2025 The Bank of England and Federal Reserve Bank interest rates were each lowered 25 basis points during the third quarter, whereas central banks were not changed in Euroland, Japan or Switzerland. Ten-year sovereign debt yields rose in Euroland, Great Britain, Japan, Switzerland and Japan but dropped in…
Next Week’s Menu: September 27 – October 3, 2025 September 26, 2025 Central Banks: In addition to planned monetary policy reviews in Australia, India, Iceland, Egypt, Colombia and Jamaica, the Bank of Japan will publish the results of its quarterly Tankan survey of corporate conditions and expectations as well as a summary of its recent…
Mexican Central Bank Interest Rate Cut September 26, 2025 As was expected, the Bank of Mexico late yesterday cut the overnight interbank rate by another 25 basis points to 7.5%. That brought its cumulative drop during 2025 to 250 basis points on top of 125 basis points of easing in 2024. The peak rate from…
Tariff News Back in the Spotlight Along with A Looming U.S. Federal Government Shutdown September 26, 2025 President Trump has unveiled several fresh tariff hikes, including a levies of 100% on imported pharmaceuticals, 25-50% on bathroom vanities and kitchen cabinets, and 25% on long trucks. China and other Asian economies are seen as particularly vulnerable….