U.S. Stocks Rally to Record Highs as AI Rebound Fuels Holiday-Shortened Session 
Japan Revises Economic Growth Forecast as Stimulus Fuels Consumption and Investment 
Gold Prices Surge to Record Highs as Geopolitical Tensions Fuel Safe-Haven Demand 
Oil Prices Ease in Asia as Geopolitical Risks Clash With Weak Demand Outlook 
China Keeps Benchmark Lending Rates Steady as Economic Outlook Remains Cautious 
UK Economy Grows 0.1% in Q3 2025 as Outlook Remains Fragile 
Japan Signals Possible Yen Intervention as Currency Weakens Despite BOJ Rate Hike 
UBS Warns of Short-Term Risks as Precious Metals Rally to Record Highs 
Silver Prices Hit Record High as Geopolitical Tensions Fuel Safe-Haven Demand 
China’s Power Market Revamp Fuels Global Boom in Energy Storage Batteries 
Asian Stock Markets Trade Flat as Holiday Liquidity Thins and BOJ Minutes Watched 
Oil Prices Edge Higher as Strong U.S. Growth and Supply Risks Support Market 
Wall Street Ends Higher as S&P 500, Nasdaq Extend Gains Ahead of Holiday Week 
IMF Reaches Staff-Level Agreement With Egypt, Opening Path to $3.8 Billion in Funding 
German Exports to the U.S. Decline Sharply as Tariffs Reshape Trade in 2025 
U.S. Dollar Strengthens
The US Dollar extended its bullish trend, supported by US Treasury yields which surged past the 4.3% level.
Housing Market Insights
The S&P/Case-Shiller Home Price Index Composite-20 showed a year-over-year increase of 5.2% in October 2024, surpassing the forecast of 4.9% but lower than last year's 5.9% rise. The Conference Board Consumer Confidence Index also saw a significant rebound, jumping to 108.7 in October from 99.2 in September, marking the strongest monthly gain since March 2021.
Trump's Crypto Ambitions
Donald Trump is embracing cryptocurrency, aiming to make the U.S. a leading hub for digital currencies. He is also planning to remove SEC Chair Gary Gensler, who has faced criticism from crypto supporters. He is accepting campaign donations in cryptocurrencies, appealing to crypto enthusiasts, while analysts anticipate that a Trump victory could boost Bitcoin's value.
Currency Performance Overview
The British Pound is holding strong as the U.S. Dollar rises, remaining the only major currency that is sturdy. The Australian Dollar and Swiss Franc are struggling, with traders awaiting key inflation data that may influence the Reserve Bank of Australia's policy. The Japanese Yen remains weak, with officials closely monitoring the USD/JPY rate as it approaches the important level of 155.
