Real Vision: Finance & Investing Global Stocks Rally, Missing U.S. Data, and XRP’s Big ETF Debut: PALvatar Market Recap, November 13 2025
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Nov 13, 2025 Global stocks surged after the U.S. government shutdown ended, stirring optimism in markets. Missing October data creates uncertainty for the Fed's rate decisions. Notably, crypto takes the spotlight with XRP’s debut of a U.S. spot ETF on Nasdaq. Meanwhile, the UK grapples with a surprising GDP drop, and Australia boasts impressive job growth, influencing central bank policies. Regulatory discussions also heat up as the SEC explores new token classifications and Tokyo considers tightening crypto firm restrictions.
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Market Rally Versus Data Uncertainty
- Global equities rallied after the US government shutdown ended and markets cheered the reopening.
- Missing October US data reduced clarity on Fed cuts and altered rate-cut probabilities significantly.
Historic Omission Of US Economic Data
- The White House said October inflation and jobs data will likely never be released due to the shutdown.
- Analysts cut odds of a December Fed rate cut as data gaps cloud policy decision-making.
Fed Cut Odds Plummet
- CME's FedWatch trimmed the probability of a December cut from 95% a month ago to 56% now.
- Market pricing swiftly updated to reflect the higher uncertainty from missing data.