EUR/USD
1.15170
-0.096%
Gold
4067.48
-0.240%
Oil
57.875
-1.402%
USD/JPY
156.388
-0.680%
GBP/USD
1.31046
0.247%
GBP/JPY
204.943
-0.427%
Real-time News
On November 22, local time, Alexander Khinstein, governor of the Kursk Oblast in Russias border region, stated via social media that a substation in the Borovsky district of Relysk was attacked by Ukrainian forces, causing two boiler rooms to cease operation and resulting in a power outage for approximately 3,000 customers. Preliminary reports indicate no casualties. There has been no response from Ukrainian authorities at this time.November 22 - At the Peak Aviation Global Technology Day held on November 22, it was learned that Peak Aviation has accumulated 2,000 eVTOL commercial orders, of which 300 are confirmed orders by the end of 2025.On November 22, ICBC Credit Suisse Asset Management issued an announcement regarding changes in senior management, stating that Yang Fan will serve as the companys General Manager effective November 21, 2025, and Zhang Hua will serve as the companys Deputy General Manager effective November 21, 2025. The announcement stated that the aforementioned changes were reviewed and approved by the 5th meeting of the Board of Directors of ICBC Credit Suisse Asset Management Co., Ltd. in 2025, and have been filed with regulatory authorities as required.November 22nd - Since Japanese Prime Minister Sanae Takaichi took office, market enthusiasm has rapidly subsided. In the past week, the market capitalization of Tokyo-listed stocks evaporated by approximately $127 billion, the yen continued to weaken, and Japanese bond yields soared. Even more unsettling for the market is the rapidly decreasing likelihood of a short-term interest rate hike by the Bank of Japan. Interest rate swap market data shows that the probability of maintaining the current interest rate in December has surged from about 30% before Takaichis election victory in early October to 80%. Rodrigo, a currency strategist at National Australia Bank, stated, "The market has become numb to verbal intervention from Japanese officials. The yen is becoming a toy in the hands of speculators." George, global head of foreign exchange research at Deutsche Bank, even warned that Takaichis spending plans could trigger disorderly capital flight. Meanwhile, Idana, an investment manager at First Eagle, frankly stated, "Considering tariffs and the current situation, the Japanese economy is actually performing well; now may not be the time to significantly increase fiscal stimulus."On November 22nd, Nick Timiraos, a well-known voice within the Federal Reserve, wrote that Trump stated this week that he expects interest rates to fall significantly after appointing a new Fed chairman next May. However, internal opposition to a December rate cut is growing, meaning his wish may be difficult to fulfill. Whether Powell chooses to hold rates steady or cut rates in December, he faces the most severe internal resistance in his nearly eight-year term. This division could extend into next year, meaning that even a change of chairman does not guarantee more rate cuts. Some worry that if Trump fails to achieve his goal, he may resort to more aggressive measures to weaken the central banks independence in exchange for rate cuts. For over 30 years, Fed chairs have sought the broadest possible consensus on interest rate decisions, with no decision passed by a narrow majority. But the December meeting is highly likely to see three or more dissenting votes. Evercore ISI economist Krishna Guha stated, "We are witnessing a breakdown in the decision-making process, and next year we may see a serious split within the committee. (December) feels like a preview of 2026." This suggests an unprecedented prospect: monetary policy outcomes may be decided by a very rare, narrow majority (rather than the long-standing tradition of pursuing broad consensus), and the new chairman appointed by Trump may not be able to control the situation every time.
