As 2025 closes, market commentary highlights Goldman Sachs’ return forecasts for the year ahead, with attention not only to US equities but to expected regional shifts. The piece summarises Goldman’s outlook on prospective returns and places those forecasts in the context of broader asset-allocation trends. Key takeaway: analysts point to a potential rotation away from the US toward other regions, changing the geographic composition of expected returns. The commentary reviews Goldman Sachs’ guidance and outlines implications for global portfolio positioning. The note serves as a year‑end synthesis of professional forecasts, stressing that investors should weigh both projected returns and regional rotation dynamics when assessing allocations for the coming year. #GoldmanSachs #USStocks #GlobalMarkets #FiatNews

On Dec. 24, 2025, Goldman Sachs strategists said markets are entering a new phase defined by elevated valuations, an AI-driven boom and greater volatility. They expect next year’s gains to be supported by prospective interest-rate cuts from the US Federal Reserve and continued corporate earnings growth, but caution that risks remain. "It will not be without risks," the strategists warned. Goldman highlights a tension between stretched asset prices and ongoing fundamental strength: while AI-related demand and earnings momentum could lift equities, higher volatility may increase the frequency of sharp market swings. The note signals investors should factor rich valuations and policy moves into positioning. #GoldmanSachs #AI #Fed #markets #FiatNews

As markets enter the Christmas and New Year holiday period (note date: 24 Dec 2025), trading calendars and hours change across asset classes. The overview summarizes when markets typically remain open, close or operate shortened hours during the holidays so participants can plan order execution and risk management. Typically, major equity exchanges shorten sessions or close around Dec 24–26 and Dec 31–Jan 1; fixed income, FX and commodity markets often continue to trade but with thinner liquidity and wider spreads. Corporate bond desks and some regional markets may follow national public holidays, further affecting available markets and settlement times. Investors and traders should consult official exchange calendars and their brokers for exact holiday hours and cut-off times, and be prepared for lower volumes and potential volatility around the year-end. #Markets #TradingHours #Christmas #NewYear #FiatNews

Nvidia led market gains on a quiet, pre-Christmas session on Wall Street as the AI investment theme regained momentum and China re-emerged as a market focus. Investors also keyed on fresh U.S. macro data released on Tuesday, which provided an important signal for the near-term economic outlook and implications for monetary policy. Trading was calmer than typical sessions, but technology names centered on artificial intelligence continued to attract flows, with Nvidia at the forefront. At the same time, renewed investor interest in Chinese markets pushed China back into the discussion after a period of relative sidelining. The combination of AI-driven demand and the new U.S. economic figures framed market sentiment heading into the holidays, reinforcing the narrative of an ongoing AI story while leaving central-bank policy considerations in focus. #NVDA #AI #China #FiatNews

U.S. equities have been delivering returns for some time that sit “well above what they should,” raising the question of whether another market surprise is coming, a note published on 23 December 2025 says. The commentary points to a Deutsche Bank chart that maps the market’s path since mid‑2022. The central observation is that recent returns outpace what historical norms or simple models would have implied for the period, prompting debate about whether this divergence signals mean reversion or continued outperformance. No specific return figures are provided in the summary. Deutsche Bank’s graphic is cited as the basis for the comparison; the piece frames the pattern as an indicator worth watching rather than drawing firm conclusions about timing or direction. #USStocks #DeutscheBank #EquityMarkets #MarketOutlook #FiatNews

Market close snapshot (23.12.): PX ~2,672.20 (+0.23%), DAX 24,352.50 (+0.28%), DJ STOXX 600 589.20 (+0.42%), NASDAQ 23,461.00 (+0.14%), S&P 500 6,885.70 (+0.10%). FX: CZK/EUR 24.29 (+0.21%), CZK/USD 20.64 (+0.26%), USD/EUR 1.1768 (+0.05%). #Markets #FX #FiatNews

Commodities snapshot: gold near $4,450/oz, silver above $70/oz, copper at record highs. Oil slipped by a few tenths of a percent. These moves reflect tight physical markets and shifting investor demand into year end. #Gold #Oil #Silver #FiatNews

Copper surged past $12,000 per tonne to a record high, driven by significant mining outages and disruptions to trade flows linked to US tariff policy, pushing the metal to new highs. #Copper #FiatNews

Investor Steve Eisman said markets are now driven less by Fed rate decisions and more by the prospects for AI; he described the Fed’s current role as fine-tuning policy rather than setting market direction. #AI #Fed #FiatNews

Bloomberg Intelligence expects European industrial profits to grow next year at about twice the rate of this year, citing easing tariff uncertainty, an AI infrastructure investment boom and rising demand for electrification. #Europe #Industry #FiatNews

Czech economic sentiment slipped in December: confidence among businesses and consumers fell 1.7 points to 100.2, remaining just above the long-term average, according to the Czech Statistical Office. #Czech #Confidence #FiatNews

The yen strengthened after the BoJ’s recent rate rise lacked a clear signal for further hikes; verbal intervention from Finance Minister Katayama — warning the government may act if currency moves stray from fundamentals — helped stabilize the yen. Analysts note a pain threshold near 160 vs. USD. #USDJPY #FiatNews

European equities traded positively ahead of the holidays; the STOXX 600 gained almost 0.5% as investors closed positions for year end. Several stocks saw notable gains on company-specific news. #Stoxx600 #Europe #FiatNews

Silver topped $70 per troy ounce for the first time in history, while gold approached $4,450/oz. Both metals hit record territory amid broad commodity strength. #Silver #Gold #FiatNews

Intel posted a busy 2025: leadership changes and large investments from the US government, Nvidia and SoftBank. Shares rose by tens of percent over the year, but the company’s foundry business has not yet recovered. #Intel #FiatNews

Novo Nordisk won US approval to sell a pill form of its obesity drug Wegovy. The approval is seen as a key step to defend market share against Eli Lilly; the company's shares jumped nearly 10% on the news. #NovoNordisk #Wegovy #FiatNews

US GDP growth accelerated unexpectedly to an annualized 4.3% in the third quarter, up from 3.8% in Q2. Economists had forecast a slowdown to 3.3%. The release was delayed due to a temporary federal shutdown that limited government operations, influencing the timing of the data. #GDP #USAEconomy #FiatNews

U.S. economic growth accelerated unexpectedly in the third quarter, with real gross domestic product rising at an annualized rate of 4.3% versus 3.8% in the second quarter, according to data released December 23, 2025. The increase was larger than many forecasts, marking a notable pickup in activity for Q3. The figure is expressed in annualized terms, showing the quarter’s pace extrapolated over a year. The report highlights a faster-than-expected expansion compared with the prior quarter’s 3.8% annualized gain. Officials and market participants will use the outturn as a key input for assessing near-term demand and policy decisions, though the release provides a snapshot for Q3 only. #USGDP #economy #GDP #FiatNews

Intel closed out a busy 2025 with its shares rising by tens of percent, but a hoped-for turnaround in its foundry business has not yet materialized. Despite market gains, the company has not yet shown a clear revival in contract-manufacturing activity. #INTC #semiconductors The year brought major developments: a new chief executive took the helm and Intel attracted multibillion-dollar commitments from the U.S. government as well as strategic investments from Nvidia and SoftBank. Those moves supported investor sentiment and contributed to the strong share performance. The injections of capital and leadership change were presented as steps to strengthen Intel’s manufacturing capabilities and better position it against rivals, but operational progress in the foundry segment remains limited so far. Continued attention will focus on whether planned investments translate into measurable growth in foundry customers and output. #NVDA #SoftBank #FiatNews

Bloomberg Intelligence says industrial profits in Europe are set to grow in 2026 at roughly twice the pace recorded in 2025. After a turbulent 2025, the report finds unusually strong optimism across the region’s industrial sector. Easing tariff uncertainty, a continuing investment boom into AI infrastructure and accelerating demand for electrification are cited as the main drivers creating an environment for faster earnings growth. Bloomberg Intelligence notes these factors could deliver the fastest profit growth for European industrial companies in several years. #BloombergIntelligence #Europe #Industry #AI #FiatNews