Overview
- President Donald Trump promulgated the law ending the record shutdown after more than 40 days, restoring federal operations.
- The White House said October consumer price and labor reports will probably never be released, leaving a data gap that complicates the Fed’s next moves.
- Fed officials, including Jerome Powell and Boston Fed’s Susan Collins, signaled reluctance to ease further without clear labor-market deterioration, reducing near‑term rate‑cut expectations.
- A relief pop gave way to retrenchment: the Dow set a closing record earlier in the week and the CAC 40 topped 8,300 intraday Thursday before Paris fell 0.76% Friday as European and U.S. benchmarks slipped.
- Investors continued rotating out of high‑valuation tech toward finance, health, industry and energy, and Euronext suspended trading in Ubisoft at the company’s request as it delayed half‑year results.