Financial Markets Update 17 December 2025
Nonfarm Payroll catchup
News Overnight
US Nonfarm Payroll October and November 2025
It’s old and probably inaccurate and no-one cares anyway. Hang on, maybe Powell cares. This is what he needs to justify the rate cut he didn’t want. Government lost jobs and the private sector gained though.
Breaking
Dallas Fed paper argues federal funds rate transmission effectiveness waning [Reuters]
India RBI Adds $5 Billion Via Currency Swap to Boost Liquidity [Bloomberg]
US suspends technology deal with the UK [FT]
Macron Warns EU May Hit China With Tariffs Over Trade Surplus [Bloomberg]
Fannie, Freddie Quietly Add Billions to Mortgage-Bond Portfolios [Bloomberg]
Xi Faces Calls for Stronger Yuan in Rare Public Currency Debate [Bloomberg]
Japan’s manufacturing sector contracts at slower pace in December, PMI shows [Reuters]
China’s escalation dominance over Trump [FT]



