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….
While Awaiting Several U.S. Data Releases, Investors Hear Range of Fed Official Comments September 25, 2025 Thursday’s menu of U.S. data reports includes revised GDP and PCE price deflator, existing home sales, durable goods orders, an early bird estimate of the U.S. merchandise trade deficit, the Kansas City Fed manufacturing survey, and weekly jobless insurance…
German Economic Setback, U.N. Speeches, and Parsing U.S. Monetary Policy September 24, 2025 The dollar got an across-the-board lift from a disappointing German business climate survey result in September. That monthly report from the IFO Institute in Munich yielded an unexpected 4-month low reading of 87.7 after August’s 15-month high and in contrast to analyst…
Swedish Riksbank’s Eighth Interest Rate Cut Since May 2024 but the Last One for Some Time to Come September 23, 2025 In Sweden where core CPI inflation of 3.2% exceeds the 2% target by the most in 19 months, the Riksbank Executive Board surprised analysts with a 25-basis point interest rate cut to 1.75% today….
First Batch of September PMI Surveys, Fed Official Comments and the OECD Interim Global Economic Outlook September 23, 2025 There was scant dollar movement overnight of 0.1% or less, and U.S. stock futures are also marking time ahead of a speech by Fed Chairman Powell. Share prices in the Pacific Rim closed up 1.0% in…
New Week Kicks Off with Record High Gold Price But More than a 2% Drop in Bitcoin September 22, 2025 (173) The fourth week of September got off to a slow week from a data release standpoint. Investor attention is particularly focused on the policy stances of major central banks, which seem to be leaning…