๐ ๐ข๐ฅ๐ก๐๐ก๐ ๐จ๐ฃ๐๐๐ง๐
Global markets moved higher yesterday as optimism grew around a potential reopening of U.S. federal agencies. European indices gained just over 1% in several markets, while the S&P 500 closed up 1.5% and the Nasdaq added 2.3%. Asian markets are mostly higher this morning, although the Nikkei is down 0.4%.
In fixed income, U.S. yields ticked slightly higher while European yields moved lower. The U.S. dollar strengthened, the Japanese yen continued to weakenโhitting a nine-month low. Gold has pushed clearly above 4,000 USD per ounce, its highest level in three weeks. Oil is pulling back this morning, with Brent trading just below 64 USD after yesterdayโs rise.
Today is Veterans Day in the U.S.; stock markets remain open, but the bond market is closed.
๐ฆ๐๐ฒ๐ฝ๐ ๐ง๐ผ๐๐ฎ๐ฟ๐ฑ ๐ฎ ๐จ.๐ฆ. ๐ฅ๐ฒ๐ผ๐ฝ๐ฒ๐ป๐ถ๐ป๐ด
The Senate passed legislation yesterday to fund federal agencies through 30 January 2026, paving the way for a broad reopening. The bill now heads to the House, where the Speaker plans to bring it to a vote on Wednesday before it goes to the President for signature.
๐๐ฎ๐๐ฎ ๐๐ฒ๐น๐๐ด๐ฒ โ ๐ข๐ฟ ๐ ๐ฎ๐๐ฏ๐ฒ ๐ก๐ผ๐
With a reopening in sight, attention turns to the economic data that has been held back for more than a month. The key questions are when it will be releasedโand how reliable it will be.
The September employment report was likely completed before the shutdown and should be straightforward. Octoberโs report, which is largely register-based, should also be manageable. Survey-based releases can partly be reconstructed afterward, but CPI is trickier since it depends on physical price collection at specific times. We may therefore see imputed calculations to bridge missing observations.
In short, the data flow will return, but the first wave may be patched togetherโstill better than having no data at all.
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$SPX500$NSDQ100$GOLD$JPN225... Show More
Good read. Price action reflects relief but still ranges across key indices. Iโm watching whether this momentum holds once real data starts flowing again, structure first, sentiment after. โ๏ธ... Show More
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Tue Dec 09 2025 10:33:33 GMT+0000 (Coordinated Universal Time)
