Financial Markets Update 20 November 2025
Markets sombre
News Overnight
CPI in UK and EU was pretty much as expected, and higher than target. A deeply-divided FED will meet on 10 December for the final FOMC meeting of the year. Market expectations of a rate cut are fading fast and that’s showing in market pricing.
FOMC minutes from the October meeting were released yesterday, adding to the gloom.
Specifically “In discussing the near-term course of monetary policy, participants expressed strongly differing views about what policy decision would most likely be appropriate at the Committee’s December meeting,” the minutes showed.
Equites gave back gains, and Bitcoin hit the recent lows again.
Breaking
BLS Cancels October Jobs Report, Couldn’t Collect Some Data [Bloomberg]
S&P 500 gives up gains as Fed minutes dents rate cut hopes; Nvidia earnings loom [investing.com]
Fed members ’strongly’ differ on December rate cut as divide on policy deepens [investing.com]
Brazil’s Banco Master Collapses: CEO Detained, Regulator Shuts Lender Down [Zerohedge]
US and Russian officials draft new peace plan for Ukraine [FT]
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Some of these US numbers may not be released. See
https://www.bls.gov/ for more details.




