October 23, 2025
United States:
US Yields Climb as Oil Jumps Before Inflation Data
A surge in oil prices rekindled anxiety about any potential impacts on inflation that could hinder the Federal Reserve’s ability to cut rates more aggressively, driving bond yields higher. Stocks bounced.
In the run-up to a reading on consumer prices – the first major report since the start of the government shutdown – crude jumped 5% as the US announced sanctions on Russia’s biggest oil companies in a bid to end the war in Ukraine. As a result, Treasuries snapped a three-day advance.
https://www.bloomberg.com/news/articles/2025-10-22/stock-market-today-dow-s-p-live-updates
Europe:
Germany Sees €33.6 Billion More Total Tax Revenues Through 2029
Germany expects total tax revenue through 2029 to be €33.6 billion ($39 billion) higher than what it predicted in May, as Europe’s biggest economy plans to spend hundreds of billions of euros in the coming years to revive growth.
The more optimistic assessment stems from higher income and corporate taxes, which primarily benefit states and municipalities.
Asia:
BOJ Watchers Push Back Rate Hike Call After Takaichi Takes Helm
Bank of Japan watchers pushed back their forecast for the next interest rate hike timing in a dramatic shift from last month, with only a few expecting a move next week, according to the latest Bloomberg survey.
Some 10% of 50 economists predict the BOJ will raise its benchmark rate at the end of a two-day policy meeting on Oct. 30, plunging from 36% in the previous survey, according to the poll.
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