Ueda’s Remarks Jolt Japan’s MarketsFinancial markets grew increasingly uneasy this week after Bank of Japan Governor Kazuo Ueda’s latest remarks reignited expectations of a possible rate hike in December.
JPMorgan Sees Path for S&P 500 to Target 8,000JPMorgan has outlined a long-term scenario in which the S&P 500 could advance toward 8,000 in the next market cycle, supported by what it calls FOBO — Fear of Becoming Obsolete.
ADP Data Shows Sharp Hiring SlowdownThe US labor market showed clear signs of strain in November as the latest ADP report revealed a significant drop in private-sector hiring.
Ueda Opens the Door to a December ShiftJapan’s markets began the week on high alert after Bank of Japan Governor Kazuo Ueda offered his clearest signal yet that a rate hike could arrive before year-end.
Eurozone Manufacturing Slips Back Into ContractionThe Eurozone’s manufacturing engine lost pace in November, with fresh demand weakness pulling the HCOB Eurozone Manufacturing PMI back below 50.
US Consumer Confidence Falls to Four-Year Low in NovemberUS consumer sentiment deteriorated sharply in November, recording one of the steepest monthly declines since 2021. The Conference Board’s headline index fell to 88.7 from 95 in October, well below expectations and marking its weakest level since April. The reading also slipped beneath sentiment levels observed during the height of inflation in mid-2022, signalling growing caution among households.
Trump’s Ukraine Proposal Fuels UncertaintyA leaked 28-point proposal from Washington has sparked renewed debate over possible terms for ending the war in Ukraine. Although former U.S. President Donald Trump has promoted the idea as a “win-win,” the reported terms appear significantly more favorable to Russia than to Ukraine.
Fed Minutes Reveal a Deepening DivideThe latest minutes from the Federal Reserve’s October 28-29 meeting show widening disagreement among policymakers over the next steps for interest rates.
