A 2025 Outlook: 20 November 2024
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Market Mood
The Republican Party's election victory, securing control of both chambers of Congress, has heightened concerns over potential trade tensions, especially with China. Anticipation of tariffs has already strained global supply chains, driving up shipping costs and raising short-term inflation risks. Flash PMI surveys are being closely monitored for signs of disruption, while the broader economic outlook remains fragile. The Eurozone faces rising recession risks, the UK shows slowing growth, and Japan's economy is contracting, adding to global uncertainty as markets await the impact of shifting U.S. policies.