Financial Markets Update 29 October 2025
Train nearing full speed
News Overnight
The only thing of note economically overnight was Bank of Japan Core CPI coming as expected at 2.1% YoY. This is more evidence that CPI is contained and is actually going lower. The hawks at the BoJ and MoF won’t think that and Thursday’s monetary policy meeting outcome will be interesting.
Equities continued to drive higher, proving all the talking heads wrong yet again. Let’s check back at the end of the week to see if the train is still on the rails.
Breaking
China Vows Significant Boost to Consumption Share of Economy [Bloomberg]
Private loan credit ratings may be ‘systematically’ inflated, warns BIS [FT]
Japan’s new economy minister says weak yen has benefits to growth [investing.com]
Trump floats Treasury secretary Scott Bessent as new Fed chair
Rate cut hopes dashed after RBA’s blunt inflation message [AFR]
South Korea’s Housing Market Is a ‘Ticking Bomb,’ President Says [Bloomberg]
For Free Subscribers
NASDAQ Update 29 October 2025
Another day, another all time high, with the mega caps leading the way. Everything might change tomorrow, but this train is reaching full speed. It’s a dip to buy at 23,300 and then 23,150 on trend support.
For Paid Subscribers
Gold Update 29 October 2025
Short-term we are way more bearish on Gold than Silver. Price doesn’t seem to have found an initial floor, with the quick exit from the bear flag proving that momentum is firmly down.
Bitcoin Update 29 October 2025
USD/YEN Update 29 October 2025
Economic Indicators Today
Latest Podcast
