Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
ECB Rate Cuts: A Historic Move
Traders increased their bets on rapid European Central Bank (ECB) rate cuts after the bank announced its first consecutive cuts in 13 years. On Thursday, the ECB lowered its deposit rate by 25 basis points (bps) to 3.25%, following a similar move in September. This marks the first back-to-back cut since 2011.
Economic Outlook and ECB Policy
A deteriorating economic outlook and signs of controlled inflation prompted the ECB's decision. Policymakers emphasized their commitment to a data-driven approach, stating they would maintain restrictive monetary policy as necessary.
Market Reactions and Predictions
With ECB President Christine Lagarde facing minimal pushback, traders are increasingly pricing in a 29 bps cut for the upcoming December meeting. Some analysts anticipate the possibility of a more substantial 50 bps cut, given the current economic conditions.
Euro's Performance and Future Risks
The euro fell to $1.0811, its lowest point since early August. As traders predict 160 bps of cuts by the end of 2025, eurozone government bonds have shown resilience, outperforming U.S. Treasuries in October. However, the euro remains vulnerable, especially with uncertainties surrounding the upcoming U.S. presidential election.
Conclusion
The ECB's recent rate cuts reflect a significant shift in monetary policy amid economic challenges. As traders adjust their expectations, the euro and eurozone markets face ongoing scrutiny.
