Market Analysis
Market flash: The US shutdown is nothing new
03/10/2025
• The US shutdown may deprive the Fed of the necessary visibility on the job market ahead of its next monetary policy meeting, but further rate cuts are nevertheless expected.
• In Europe, ECB chair Christine Lagarde thinks current benchmark rates are adequate. Her views were backed up by a slight increase in eurozone inflation.
• Gold hit a new all-time record above $3,800/oz while oil prices retreated on expectations the October 5 OPEC+ meeting will decide to increase production.