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Tuesday Afternoon Coffee - Markets Update - 30 Sep 2025 - Markets Weaken as U.S. Shutdown Risks Mount; Gold on Track for Best Month Since 2020
- The Trade Academy Team
- Sep 30
- 2 min read
Markets Update: Global markets turned cautious Tuesday as investors braced for the prospect of a U.S. government shutdown, weighing on equities and the dollar while fueling safe-haven demand that briefly sent gold to a record high.
Global Markets Roundup: 30 Sep 2025
President Donald Trump warned the U.S. is “probably headed” toward its 15th shutdown since 1981, raising fears that Friday’s key jobs report could be delayed, leaving the Federal Reserve without vital data ahead of its late-October meeting.
Stocks Slip as Shutdown Looms
Wall Street ended lower, with muted trading reflecting uncertainty over fiscal gridlock.
S&P 500: -0.15% to 5,283.21
Dow Jones Industrial Average: -0.30% to 39,610.44
Nasdaq Composite: -0.30% to 16,450.12
The MSCI All-World Index was flat, while Europe’s STOXX 600 reversed losses to close 0.5% higher, lifted by healthcare and industrials. The benchmark gained 1% in September, its best month since May. Japan’s Nikkei 225 slipped 0.25%.
In China, the CSI 300 rose nearly 0.5%, extending its winning streak to five months—the longest since 2017.
Despite Tuesday’s caution, global equities remain on pace for a strong September, with U.S. stocks up more than 3% on the month.
Labor Data in Focus
The shutdown threat sharpened attention on labor data. The August JOLTS report showed job openings rose slightly while hiring slowed, reflecting a cooling labor market that could give the Fed room to cut rates again.
Gold Surges, Dollar Retreats
Gold briefly spiked to a record $3,871.45 per ounce before easing, still on track for a more than 10% monthly gain, its strongest since July 2020.
Treasuries benefited from safe-haven demand, with the 10-year yield easing to 4.133%. ING analysts said the yen could emerge as a hedge if the shutdown drags on.
Oil Retreats, Commodities Mixed
Crude prices fell over 1% on expectations of higher OPEC+ output and resumed Iraqi Kurdistan exports:
Brent Crude (BRN1!): -1.3% to $67.10/barrel
WTI Crude (CL1!): -1.3% to $62.60/barrel
Grains softened as well:
Corn (ZC1!): -6¢ to $4.15½/bushel
Wheat (ZW1!): -11½¢ to $5.08/bushel
Soybeans (ZS1!): -8¾¢ to $10.01¾/bushel
Arabica coffee traded at $3.72/lb, down from last week’s one-week high as favorable Brazilian weather eased supply fears.
Asia-Pacific and Europe Data
China’s manufacturing PMI rose to 49.8 in September from 49.4, still signaling contraction. The Reserve Bank of Australia left its cash rate at 3.60%, warning inflation may prove hotter than expected.
In Germany, inflation ticked higher across four key states, but the data had little market impact.
Outlook
Investors head into October balancing upbeat equity momentum against political and economic uncertainty. The fate of the U.S. shutdown—and whether the September jobs report is published—could set the tone for Fed policy and market sentiment.
Looking forward refer to the economic calendar below to see the upcoming events scheduled for today and the rest of the week.
General news - Information source from multiple newswires.
The article and the data is for general information use only, not advice!
The Trade Academy Team
