Limit Up! 2 December 2025
Markets turn negative as traders get back to work
News Overnight
A day of PMIs and pretty much all of them were worse than expected. Added to Chinese manufacturing PMI which has contracted for the last 9 months. So the mood was negative with JGBs taking the limelight away from Silver.
The return from Thanksgiving was in clear juxtaposition to the slow drift up of risk assets last week.
Breaking
Global bonds slide after hawkish Bank of Japan comments [FT]
Putin Allows Visa-Free Entry for Chinese Citizens Into Russia [Bloomberg]
Russia Gears Up for Yuan Bonds in Sign of Tighter Relations [Bloomberg]
Chinese airlines slash over 900 Japan-bound flights amid Taiwan tensions [Nikkei]
EU watchdog must be given more power over fund managers, markets [FT]
Bitcoin champion Strategy launches ‘dollar reserve’ amid crypto sell-off [FT]
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