Argentina Legislative Elections Held Amid Economic Reforms; IMF Projects US Debt at 143.4% of GDP by 2030
Key Takeaways
- US provides Argentina $20B swap line to stabilize currency amid economic reforms.
- IMF projects US debt to reach 143.4% of GDP by 2030.
- European tech firms report 16% EPS growth, surpassing forecasts due to AI demand.
- Private markets reach $22 trillion in assets, surpassing public markets in size.
- UK proposes mansion tax on homes over £2M to address £40B deficit.
Top Stories
Argentina holds legislative elections amid Milei's reforms and US $20B swap support
On October 26, 2025, Argentina voted in legislative elections critical for President Javier Milei's economic reforms amid inflation reduction and economic challenges. US Treasury Secretary Scott Bessent confirmed a $20 billion swap line to support Argentina, framing it as a currency stabilization tool, not a bailout.
IMF projects US debt at 143.4% of GDP by 2030, raising fiscal sustainability concerns
On October 27, 2025, IMF data showed US government debt is projected to reach 143.4% of GDP by 2030, surpassing Italy and Greece, amid persistent deficits over 7%. Experts warn of fiscal unsustainability despite the dollar's reserve currency status.
European tech firms report 16% EPS growth, surpassing forecasts on AI demand
On October 27, 2025, European tech companies reported third-quarter earnings with 16% EPS growth, well above the 4.2% forecast, driven by strong AI investment demand despite trade challenges.
Private markets reach $22 trillion assets, becoming second largest economy
On October 25, 2025, Bank of America reported private markets grew to $22 trillion in assets under management in 2024, surpassing public markets in size and returns, driven by technology and AI innovation.
UK proposes mansion tax on homes over £2M to address £40B deficit
On October 26, 2025, UK Chancellor Rachel Reeves proposed a mansion tax targeting properties over £2 million to help close a £40 billion deficit. The proposal faces criticism for market distortion and class bias.
Financial Analysis
Japanese yield curve flattens as investors anticipate BOJ rate hikes
On October 26, 2025, investors increasingly sold short-term Japanese government bonds and bought longer maturities, narrowing the yield gap by over seven basis points amid expectations of Bank of Japan tightening.
Market Insights
Japanese stocks rise on easing US-China tensions and lower US CPI; US markets rally
On October 27, 2025, Japanese markets surged with Nikkei futures hitting highs due to lower-than-expected US September CPI and easing US-China trade tensions. Concurrently, US stocks gained momentum with speculative and income-oriented ETFs benefiting from anticipated Fed rate cuts.
Five major US tech firms to report earnings focusing on AI investment outlook
The week of October 26, 2025, US tech giants Microsoft, Alphabet, Meta, Amazon, and Apple are set to report earnings, with investor focus on their combined $360 billion AI capital expenditure plans.
Crude Oil WTI price rises 0.39% to $61.74 on October 27, 2025
On October 27, 2025, WTI crude oil front month price increased by 0.39% to $61.74, trading between $61.49 and $62.17.
Policy Watch
UK reforms environmental permits to expedite low-risk construction, aiding housing goals
On October 27, 2025, UK Environment Minister Emma Hardy announced reforms exempting low-risk construction activities from permits, saving up to 16 weeks and £360 per permit. This supports the 1.5 million new homes target and renewable infrastructure development.
Australian leaders urge regulation of Chinese e-commerce firms Shein and Temu over market impact
On October 26, 2025, Wesfarmers CEO Rob Scott and business leader Gerry Harvey called for updated Australian laws to regulate Shein and Temu, citing unfair tax advantages and threats to local retailers amid rising consumer use.
US Treasury Secretary highlights $13B farm export losses amid China trade cutoff
On October 26, 2025, US Treasury Secretary Scott Bessent, also a soybean farmer, addressed the $13 billion annual loss from China's soybean purchase cutoff, discussing potential deal frameworks and criticizing China's leverage tactics.