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Morning Brew November 7 2025
Summary: Sentiement lets markets see saw - where will we end the week?
Good Morning
Bloomberg and Reuters agree that there will be no nonfarm payroll release today, but be alert at 14:30 for safety sake.
Equities took another beating yesterday and the Nasdaq may have the worst week since April. The cause was continued worry about stretched valuations and worries about the economy after the On Thursday, executive outplacement firm Challenger announced a 183.1% monthly surge in layoffs. Cost cutting and AI-related efforts were among the top reasons companies provided.
The Dow Jones fell 400 points, or 0.8%, the S&P 500 lost 76 points, or 1.1% and the Nasdaq 446 points, or 1.90%, the GER 40 is back at 23750. Palantir and Nvidia lost 6.4 and 3% to 175.80and 189 respectively. Elf Beauty gave up 35% DoorDash slumped 17.5%, Snap rose 9.7%.
The volumes remain relatively low, close to the average at 20.7 billion shares traded.
The USD Index fell on weak economic data, EURUSD rose back to 1.1530, GBPUSD 1.3115 and USDJPY 153.50. Gold and Silver traded failed to break higher yesterday, dropped and are now basically where we started the day yesterday at 4000 and 48.55. Bitcoin is 102k.
News:
- The FAA mandated cuts start today effecting up to 1,800 flights and 268,000 airline seats daily
- The Bank of England left rates unchanged yesterday nut is was a rather close call: it voted 5–4 to keep the Bank Rate at 4% , the rest wanted to cut.
- Switzerland's non-seasonally adjusted unemployment rate rose to 2.9% from 2.8%
- Donald Trump for the first time acknowledged that the tariffs are costing the US Consumer – even if he upheld that they would benefit overall.
- Tesla CEO Elon Musk won shareholder approval for the largest corporate pay package in history that could award him 1 trillion in compensation. Honda expects the EV ratio to be only 20% in 2030 from 30% previously.
- China's exports unexpectedly fell in October coning at -1.1% versus an expectation of +3% following months of front-loading
- .The Trump administration announced it would start negotiations with China on the dominance in of shipbuilding but pausing port fees on China-linked vessels
- Meta internally projected late last year that it would earn about 10% of its overall annual revenue – or $16 billion – from running advertising for scams and banned goods,
- Eli Lilly and Novo Nordisk unveiled a deal on Thursday to slash the prices of popular weight-loss drugs
- Drone sighings near airpors continue to disrupt air traffic
Key for today will be the sentiment which in in a lack of market moving data is difficult to read – will traders try to pick up stocks on the cheap or will risk off sentiment continue?
Friday, November 7, 2025
- US Nonfarm Payrolls Likely cancelled
- China Balance of Trade
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