EUR/USD
1.15850
0.137%
Gold
4161.84
0.753%
Oil
57.817
-0.341%
USD/JPY
156.523
0.290%
GBP/USD
1.32257
0.466%
GBP/JPY
207.011
0.761%
Real-time News
On November 26th, BlackRock analyst Vivek Paul stated in a report that the UK budget has reached a balance, which should boost market confidence and alleviate concerns about any potential political consequences. The chief UK investment strategist said the governments expansion of fiscal space to £22 billion—exceeding market expectations and the £10 billion in the spring budget—was a positive surprise to the market. He said, "The government wants to show the market its strong commitment to fiscal credibility. The decision not to take politically sensitive measures such as tax increases and spending cuts today is not out of fear of political backlash, but because it is not currently necessary." He indicated that the increased fiscal space appears to stem from the delayed implementation of fiscal consolidation plans.According to the Italian news agency ANSA, Italy may slightly increase corporate taxes on large banks.On November 26th, Henderson High Income analyst David Smith stated in a report that he welcomed the UK governments decision to reduce stamp duty on newly listed companies on the London Stock Exchange. However, the portfolio manager pointed out, "The government could have taken more ambitious steps to enhance the attractiveness of the UK market." Currently, the UKs 0.5% stamp duty is particularly high among major global financial centers. He emphasized that this tax not only diminishes the value of savings but also increases the cost of equity financing for UK-listed companies, potentially leading to lower valuations.On November 26th, Deutsche Bank analyst Sanjay Raja stated in a report that the UK budget appears better than expected, with the fiscal buffer doubling from £10 billion in March to just under £22 billion. He indicated that public borrowing is expected to continue its downward trend. Budgetary measures could lower inflation, thereby increasing the likelihood of a Bank of England interest rate cut. Raja noted, however, that the fiscal austerity measures may take effect later, raising some questions about their credibility.1. U.S. EIA gasoline inventories rose by the largest amount since the week ending November 26, 2025, in the week ending November 21. 2. U.S. EIA distillate fuel oil inventories rose by the largest amount since the week ending September 12, 2025, in the week ending November 21. 3. U.S. EIA strategic petroleum reserves reached their highest level since the week ending September 30, 2022, in the week ending November 21. 4. U.S. commercial crude oil imports, excluding strategic reserves, reached their highest level since the week ending September 19, 2025, in the week ending November 21.
