UBS On-Air: Market Moves UBS On-Air: Paul Donovan Daily Audio 'Trade trends?'
Nov 7, 2025
The Bank of England's split vote hints at a possible rate cut in December, leaving many analysts intrigued. Amidst this, there's a focus on maintaining a neutral policy stance rather than pushing for stimulus. China's export declines highlight weak demand, especially outside the US, while potential tariff changes may be delaying shipments. In the US, missing employment reports create data gaps, contributing to market volatility as faulty economic signals circulate. Fed officials are urging caution as uncertainties loom ahead.
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BoE Split Signals Likely December Cut
- The Bank of England's split decision opens the door to a December rate cut once fiscal policy is known.
- The move aims to preserve a neutral stance rather than actively stimulate the economy.
China's Exports Show Abrupt External Weakness
- China's October exports fell year-over-year, with sharp weakness outside the United States.
- The drop may reflect demand weakness or delayed shipments by U.S.-bound exporters awaiting tariff changes.
Data Gaps Are Amplifying Market Volatility
- The missing U.S. employment report and poorer-quality indicators are creating unbalanced market signals.
- Unreliable data and sensational job-loss stories are increasing market volatility.