Nomura expects no more Fed rate cuts in 2025 after October easing

Garanti BBVA has updated its outlook for 2025 in response to the current tight monetary policy. This revision reflects the bank's proactive approach to navigating economic challenges and ensuring stability in its operations. Understanding these adjustments is crucial for investors and stakeholders as they indicate how the bank plans to adapt to changing financial conditions.

Wall Street futures are experiencing a stall as investors grapple with uncertainty surrounding the Federal Reserve's next moves and the upcoming earnings reports from major tech companies. This situation is significant because it reflects the broader economic concerns and market volatility that can impact investment strategies and consumer confidence.

The dollar has given back some of its recent gains following the Federal Reserve's latest meeting, while the euro is now looking towards the European Central Bank for guidance. This shift in currency values is significant as it reflects the ongoing adjustments in monetary policy and economic outlooks in both the U.S. and Europe, impacting global markets and trade.

Prysmian has raised its outlook for 2025 following a strong performance in the third quarter, driven by robust growth in its transmission segment. This positive news reflects the company's ability to adapt and thrive in a competitive market, highlighting its strategic focus on expanding its transmission capabilities. Investors and stakeholders will likely view this as a sign of Prysmian's strong positioning for future success.

TotalEnergies has announced an increase in its third interim dividend for 2025, reflecting the company's strong financial performance and commitment to returning value to its shareholders. This decision is significant as it demonstrates the company's confidence in its future prospects and its ability to generate sustainable profits, which can positively impact investor sentiment and attract more investment.

The cryptocurrency market took a hit on Wednesday, with total market capitalization falling by 1.8%. This decline follows comments from the Federal Reserve chair suggesting that a potential 25-point rate cut in 2025 might be the last. Such hints can create uncertainty in the market, impacting investor confidence and leading to fluctuations in cryptocurrency values. Understanding these trends is crucial for investors as they navigate the volatile landscape of digital currencies.

Asian stocks are showing a cautious rise following the Federal Reserve's recent interest rate cut, which has sparked optimism among investors. Meanwhile, the Bank of Japan has decided to maintain its current rates, indicating a steady approach to economic policy. The ongoing meeting between Trump and Xi is also drawing attention, as it could have significant implications for trade relations. This combination of factors is creating a sense of hope in the markets, suggesting that investors are looking for stability and growth in the region.

The Asian foreign exchange market is experiencing muted activity as investors await developments from the Bank of Japan and the ongoing talks between Trump and Xi. The dollar has dipped slightly following mixed signals from the Federal Reserve regarding interest rates. This situation is significant as it reflects the cautious sentiment among traders, highlighting the impact of geopolitical discussions and central bank policies on currency movements.

In a recent meeting in South Korea, Donald Trump expressed optimism about reaching a trade deal with China, stating it could happen 'pretty soon.' This is significant as it reflects a potential thaw in trade tensions between the two economic giants, which could have positive implications for global markets and economies.

The FTSE 100's winning streak has come to an end, coinciding with WPP shares hitting their lowest level since 2008. Meanwhile, the energy regulator Ofgem is exploring a plan to potentially cancel up to £500 million in energy debt for those on means-tested benefits. This initiative could provide relief to individuals who have accrued significant energy debt during the challenging economic period from April 2022 to March 2024. The developments in the financial markets and energy sector highlight ongoing economic challenges and the need for supportive measures.

Germany's economy is facing challenges, with zero GDP growth in the third quarter following a slight decline in the previous quarter. This stagnation highlights the impact of higher U.S. tariffs, which have created uncertainty for businesses and consumers alike. Understanding these economic shifts is crucial as they could influence future policies and recovery efforts.

Meta's shares have taken a hit as investors express concern over the company's aggressive spending plans on artificial intelligence. This move, while aimed at enhancing its technological capabilities, has raised alarms about the potential impact on profitability in the short term. Investors are closely watching how these investments will affect Meta's financial health and market position, making this a critical moment for the company.

Volkswagen has reaffirmed its production guidance, stating that current chip shortages have not yet affected output at its German factories. However, the company cautions that the situation remains fluid, highlighting the ongoing challenges in the automotive supply chain. This is significant as it reflects the resilience of Volkswagen amidst global supply issues, but also underscores the uncertainty that manufacturers face in the near future.

Tenaris reported a profit for the third quarter that exceeded analysts' expectations, showcasing the company's strong performance in a challenging market. However, they cautioned that lower margins may be on the horizon due to various economic pressures. This news is significant as it highlights both the resilience of Tenaris in the current economic climate and the potential challenges that could impact future profitability.