GGMA Morning Brief 30-12-2025
GGMA Morning Brief
Financial market news and analysis that matter!
Good morning,
I hope all is well.
Here are the main overnight news and market movers.
Trump’s Ukraine plan faces new obstacles after Putin call - BBG
President Donald Trump's campaign to end the war in Ukraine faced new complications when Vladimir Putin said he would revise his country's negotiating position after claiming Ukrainian drones targeted his residence, according to Bloomberg. U.S. President Donald Trump also said on Monday the United States could support another major strike on Iran were it to resume rebuilding its ballistic missile or nuclear weapons programs and warned Hamas of severe consequences if it does not disarm. (RTRS)
Trump says he'd still like to fire Jerome Powell - BI
Trump still wants to see Jerome Powell out of the Fed, according to BI. He said on Monday that he would fire him, and he was "getting pretty close". Trump also said he would be launching a "gross incompetence lawsuit" against the Fed chair.
Yuan climbs past 7 per dollar onshore for first time since 2023
The yuan strengthened beyond the key 7-per-dollar level in the more tightly controlled onshore market for the first time since 2023, signalling China’s comfort with further currency appreciation, according to Bloomberg.
Nickel hits nine-month high as Indonesia plans to cut output
Nickel reached its highest level since March after top producer Indonesia flagged plans to cut supply to boost prices, according to Bloomberg.
Economic Calendar: Swiss KOF, US house prices, Chicago PMI, and Fed minutes in focus
In Switzerland, the KOF will release its economic barometer for December at 09:30 CET. The consensus expects a slight decline to 101.4 from 101.7 in November.
In the US, S&P will publish the Case-Shiller home price index for October at 15:00 CET. The consensus expects a 0.1% increase versus the previous months. Should house price inflation moderate further or even deflate, it would make the Fed more comfortable cutting rates, given the lagged impact on the shelter CPI.
MNI will publish its Chicago Business Barometer for December at 16:45 CET. The consensus expects a slight improvement to 39.6 from 36.3 in November. The series is more volatile than the all-important ISM manufacturing PMI and sometimes lags it.
The main event, however, will probably be the release of the minutes from the December Federal Reserve monetary policy meeting at 20:00 CET. At that meeting, the FOMC lowered the target range for the federal funds rate by 25 basis points to 3.5-3.75%.
Good luck today,
Günter
**Disclaimer:** This article is for informational and educational purposes only and should not be construed as financial, investment, or professional advice. The content represents the author's personal views and analysis and does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results, and all investments carry risk, including the potential loss of principal.