Year-end thin trading keeps equities near records as Fed minutes, Japan’s rate shift, Russia-Europe gas cuts, and gold’s blockbuster 2025 take focus
- U.S. stocks were little changed to slightly lower, with communication services strength (Meta up after saying it acquired AI startup Manus) offset by softness in tech and financials as investors parsed the latest Fed minutes.
- The minutes outlined plans for “reserve management” purchases of short-dated Treasuries (T-bills) to keep reserves “ample” for rate control—framed as operational, not a policy shift—while also revealing notable internal divisions over December’s rate decision and the near-term path.
- In Europe, shares hovered near record highs on subdued volumes, led by banks, basic resources/commodities and defence names.
- Japan closed 2025 at record levels (Topix a record year-end close), with AI-linked tech cited as a key driver; meanwhile, Japanese government bond yields logged their steepest annual rise since 1994, with the 10-year near its highest since 1999 on BOJ normalization and fiscal concerns.
- Energy and commodities stayed active: Oil was little changed in thin trade as Russia–Ukraine and U.S. policy expectations lingered, while EIA data showed U.S. crude, gasoline and distillate inventories rose in the week ending Dec 19.
- Gold rebounded and was set for its strongest annual gain in decades—highlighted as 2025’s standout commodity (+~60%) on safe-haven/central-bank demand and geopolitical volatility.

Forex Mobile & Desktop App
CDO TRADER
CDO TRADER, our cutting-edge trading platform, follows the technology from the forefront with new features added continuously. Moreover, CDO TRADER is now available for Android and iOS! So it allows you to trade on the go!


