Global markets came under pressure this week on hawkish fed signals and tech sector pullback
This week @ 1500 – Friday 14th November 2025 – London.
Markets:
- FTSE 100 fell 1.25% to 9,685, pressured by weaker UK GDP data and energy sector declines.
- S&P 500 slipped 0.52% to 6,702, as retail sales and PPI data tempered hopes for aggressive Fed cuts.
- NASDAQ Composite eased 0.58% to 22,737, with profit-taking in tech after recent strong gains.
- Euro Stoxx 50 dropped 1.03% to 4,800, as Eurozone industrial output beat forecasts but ECB held rates, signalling caution.
Bonds:
- UK 10-year gilt yields rose ~20 bps to 4.58%, on fiscal policy concerns with the upcoming budget.
- US 10-year Treasury yields edged higher ~7 bps to 4.13%, as Fed comments turned hawkish.
Commodities:
- Brent crude fell ~2% to $64.24, on OPEC+ supply concerns and weaker demand signals.
- Gold fell ~2.5% to $4081, on hawkish Fed comments.
- Copper was flat at $5.05/lbs.
FX:
- GBP/USD slipped 0.5% to 1.312, as weak UK growth data contrasted with steady U.S. retail sales.
- EUR/GBP rose 0.6% to 0.878, supported by ECB confidence and UK fiscal concerns.
Macro:
- UK: Q3 GDP grew 0.1% QoQ, below forecasts; September GDP contracted 0.1%, highlighting economic fragility.
- Eurozone: Q3 GDP up 0.1% QoQ, employment steady; industrial production rose 0.2% MoM in September.
- US: Key releases (CPI, retail sales) delayed due to government shutdown; Fed communications signal debate on December rate cut.
- Geopolitics: Ukraine conflict escalates near Pokrovsk; Gaza ceasefire remains fragile; US-China tensions persist despite APEC talks.
Companies: (holdings + targets)
- Walt Disney shares fell after Q3 results missed expectations.
What we will be keeping an eye on next week:
w/c 17th November
- Macro: UK CPI (19 Nov), Eurozone inflation final (19 Nov), US data backlog likely resumes; FOMC minutes (19 Nov).
- Earnings: Nvidia (19 Nov), Walmart (20 Nov), Home Depot (18 Nov), Lowe’s (19 Nov), Palo Alto Networks (19 Nov).
Markets move constantly and the numbers in this update will change. This is a snapshot only, pulled together from a range of sources, and is meant as a quick guide rather than a precise record. It’s not investment advice and shouldn’t be used to make trading or investment decisions. If you need more accurate or specific data over a defined period, please get in touch with a member of the team who will be happy to help.
Important Information
This article is for information only and does not constitute advice or recommendation and you should not make any investment decisions based on it. The views and opinions of this article are those of Casterbridge at the time of writing and may change without notice. Any opinions should not be viewed as indicating any guarantee of return from investments managed by Casterbridge nor as advice of any nature. It is important to remember that past performance and the value of an investment, and any income from it, may go down as well as up and the investor may not get back the original amount invested.