Global Equities Surge as Tech Leads Gains; Sterling and Gilt Yields Remained Calm Following the Budget.
This week @ 15:45pm – Friday 28th November 2025 – London.
Markets:
- FTSE 100 rose 2.04% this week to 9,734.19, supported by strength in financials and energy.
- S&P 500 gained 3.50% to 6,834.41, driven by tech and consumer discretionary.
- Nasdaq Composite advanced 4.53% to 23,282.29, led by AI-related names and semiconductors.
- Euro Stoxx 50 added 1.95% to 4,805.47, with broad gains across industrials and luxury goods.
Bonds:
- UK 10-year gilt yield fell 1 bps to 4.45%, reflecting steady demand amid muted inflation expectations.
- US 10-year Treasury yield rose 4 bps to 4.03%, as markets priced in resilient economic data.
Commodities:
- Brent crude slipped 0.02% to $63.30, as supply concerns eased.
- Gold climbed 0.67% to $4,230.40, supported by softer yields.
- Copper rose 1.76% to $5.29/lb, driven by optimism around global manufacturing.
FX:
- GBP/USD rose 5.18% to 1.3232, as sterling strengthened on fiscal clarity and softer US dollar.
- EUR/GBP climbed 1.37% to 0.8762, reflecting euro resilience amid UK retail softness.
Macro:
- US: Durable goods orders beat expectations; consumer confidence improved.
- UK: Autumn Statement reaffirmed provided fiscal clarity; retail sales slightly weaker.
- Eurozone: Flash CPI showed continued disinflation trend.
- China: Industrial profits rose year-on-year, hinting at stabilisation.
Companies:
No notable updates from our holdings or target list this week.
What we will be keeping an eye on next week:
w/c 1st December
- Macro: US ISM manufacturing (Mon), Eurozone CPI (Wed), US payrolls (Fri).
- Central banks: Fed Chair speech (Thu).
- Companies: Salesforce and Snowflake earnings (Wed).
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.