Financial Markets Update 27 November 2025
Drifting higher into Thanksgiving
News Overnight
Yet more confusing US numbers as Initial Jobless Claims fell but Chicago PMI dropped sharply. If the AI spend narrative is to believed then the Atlanta FED’s GDPNow tool should actually read 2%.
In the UK, the annual budget was greeted with relief by markets expecting a herd of black swans. The euphoria won’t last long.
Rachel Reeves’ Budget raises UK tax take to all-time high [FT]
In Australia however there was no confusion at all about CPI and the direction of interest rates.
Australia CPI Q3 2025
Breaking
Two National Guard troops shot near the White House in Washington [FT]
China Builder Vanke Seeks Yuan Bond Extension for First Time [Bloomberg]
CPI shock increases risk of interest rate hike [AFR]
Bank of Canada announces restart of Government of Canada treasury bill purchases [BoC]
BOJ’s Unrealized Gains From ETFs Surge Before Offloading Begins [Bloomberg]
SoftBank’s 40% Slide From Peak Shows Worry Over Giant OpenAI Bet [Bloomberg]
Crypto hoarders dump tokens as shares tumble [FT]
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Hey, great read as always. My AI models cant predict this!