Dollar and Bond Yields Mixed Equities Mostly Gain November 12, 2025 The U.S. stock market weathered the record long federal shutdown with surprising resilience and is now rising as the shutdown’s end approaches. The House of Representatives is expected to approve the funding extension today, after which the bill will go to the president to…
Various Data Results and Another Step Closer to Ending the U.S. Federal Government Shutdown November 11, 2025 Today’s 107th anniversary of the Armistice that ended the First World War is being observed in the United States as Veteran’s Day and in France as Remembrance Day. Banks there will be closed, but stock markets are open….
A Breakthrough in U.S. Govt Shutdown & Weak Data Spur Hopes of Fed Interest Rate Cut Next Month November 10, 2025 (166) Two pieces of concerning U.S. economic data emerged Friday: 1) Challenger’s monthly layoff estimate flagged the most October layoffs since 2003 and 2) the preliminary U. Michigan index of U.S. consumer confidence fell…
Next Week’s Menu: November 8 – 14, 2025 November 7, 2025 Central Banks: Romanian interest rate policy will be reviewed. Several Fed officials have public speaking engagements including Paulson, Bostic, Schmid, Musalem, Hammack and Williams. Swiss National Bank Sleijpend and Greene and Lombardelli of the Bank of England speak, too. Holidays and Events: Remembrance Day…
Another Mexican Central Bank Interest Rate Cut November 7, 2025 In Mexico where inflation of 3.8% is within the 2-4% target window and real GDP has lately contracted, the Bank of Mexico late yesterday implemented another basis point cut. The 25-basis point move was the twelfth since March 2024, joining 7 other cuts of that…
Confusion Caused by U.S. Federal Shutdown Intensifies in Two Directions November 7, 2025 Every day now brings a new record duration in the current U.S. federal government shutdown. Neither political side of the stalemate has found an advantageous way to compromise without appearing to lose. The pain level took a big step upward yesterday when…
Slight Retreat in the Dollar and A Razor-Thin Bank of England Interest Rate Decision November 6, 2025 The stepped down a little in overnight trading, losing 0.3% against the euro and yen, 0.2% relative to the Swiss franc and sterling, and 0.1% vis-a-vis the Canadian and Australian currencies. Alternatively, South Korea’s won lost 0.4% against…
Central Bank Rate Decisions in Poland, Sweden and Georgia November 5, 2025 The National Bank of Poland’s policy interest rate experienced its fifth 25-basis point cut of 2025 today and has now dropped altogether since September 2023 by a total of 250 basis points. Polish CPI inflation of 2.8% in October was down from 5.0%…
Democrats Made Gains in U.S. Election and Service Sector PMI Surveys Show Euroland Recovery Gaining Broader Traction November 5, 2025 Democrats swept the five most closely watched U.S. election contests, winning gubernatorial races in New Jersey and Virginia and the New York City mayoral race, allowing California congressional districts to be redrawn, and preventing a…
A Good Day for the Dollar but a Bad One for Equities November 4, 2025 The dollar experience across-the-board appreciation overnight, rising on the weighted DXY basis past the 100.0 for the first time since the end of July and to its strongest such quote since May. Record highs against the Indian rupee elicited intervention…