Filipino Central Bank Interest Rate Cut October 9, 2025 The overnight Filipino deposit rate was cut today by 25 basis points further to 4.75% in a move that had not been predicted by analysts. This was the seventh such reduction since August 2024 and was made in spite of a near doubling of on-year consumer…
Awaiting Powell’s Speech October 9, 2025 There’s been little reaction to news that Hamas and Israel reached a deal that is supposed to allow an exchange of hostages and prisoners and pave the way to a ceasefire in Gaza by the weekend. Financial market attention is instead focused on Fed policy. In the wake of…
New Zealand’s Interest Rate Cut Tops Expectations October 8, 2025 The Reserve Bank of New Zealand’s decision involved an interest rate change that exceeded analyst expectations. The Official Cash Rate was cut by 50 basis points, twice the street’s forecast. At 2.50%, the new OCR level drops to its lowest since August 2022 and a…
Dollar Revival Extended October 8, 2025 Driven by sluggish growth and political uncertainties affecting other economies, the dollar climbed overnight by a further 0.6% against the Japanese yen and Korean won, 0.4% relative to the New Zealand dollar, 0.3% vis-a-vis the euro and 0.2% versus the Swiss franc, Turkish lira and British pound. The intra-day…
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…