Resilient Activity, Noisy Policy

25/09/2025 10 min Episodio 120
Resilient Activity, Noisy Policy

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Episode Synopsis

Global financial markets have remained steady over the past few days: equity volatility remains low, credit spreads remain contained and core yields have drifted rather than lurched, even as policy noise—especially around US trade—remains high. In our charts this week we focus on:

Global growth momentum
European bond markets
South Korean trade
Global labour market activity
UK financial balances
Equity markets and uncertainty