Market Information Thursday 30 October 2025

The Federal Reserve cut its benchmark rate to 3.75–4 percent in a 10–2 vote and said it will end quantitative tightening on December 1, halting the $2.3 trillion balance sheet reduction. Chair Jerome Powell warned that another cut in December remains unlikely, leading traders to trim odds of a move to 67 percent from 90 percent. The Fed cited slower growth, softer job gains, and 3 percent inflation.

Donald Trump and Xi Jinping agreed on a one-year deal covering rare earths and critical minerals, while the U.S. cut fentanyl-related tariffs on China to 10% from 20%, lowering overall levies to 47%. Beijing pledged to curb fentanyl exports and resume U.S. agricultural imports, with soybean futures down 1.6% and China’s rare earth index up over 2%.

Copper hit a record $11,146 a ton as hopes of a US-China deal and tight supply drove prices higher. The metal is up more than 25% this year, supported by mine disruptions and inventories at their lowest since July. Analysts expect the largest global copper deficit in over two decades, deepening concerns over shortages as demand from the energy transition and data centers rises.

The 6M Euribor increased with 1 basis point to 2.13% compared to previous business day. The 10Y Swap is unchanged at 2.62% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.