Wednesday 15 October 2025
The Mighty Headlines
Economics: US offers $20 billion to support Argentina
Business and markets: JP Morgan and Goldman CEOs warn of a “bubble”
Foreign Affairs: France’s PM supports reducing retirement age
Security and intelligence: Army in control as Madagascar's president flees
Domestic politics: Pound falls after unemployment rises
The Mighty Stats
FTSE = 9,452.77 (up 0.10%)
S&P 500 = 6,644.31 (down 0.16%)
Nasdaq = 24,579.32 (down 0.69%)
CAC40 = 7,919.62 (down 0.18%)
£1 = $1.33 / €1.15
Lab / Con / Reform= 20 / 17 / 27 per cent
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The Mighty Detail
Economics: The US Government is offering $20 billion to support Argentina’s economy. The $20 billion swap line will allow Argentina, which has struggled to prop up its falling currency in recent months, to trade Argentine pesos for US dollars. Argentina needs to make $20 billion worth of debt repayments next year.
Business and markets: The CEOs of JP Morgan and Goldman Sachs have warned that the financial markets may be reaching their peak. It comes after investment banking revenue increased by 42 per cent at Goldman Sachs and by 16 per cent at JP Morgan in Q3. JP Morgan’s CEO warned of a “bubble”.
Foreign Affairs: France’s Prime Minister Sébastien Lecornu has said he would support suspending pension reforms which raised the pension age in France from 62 to 64.
It comes ahead of a no-confidence vote in the French Assembly tomorrow for which Lecornu needs the support of opposition parties.
Security and intelligence: Madagascar’s army took control of the country yesterday. It comes after so-called “Gen Z” protests at the weekend and after President Andry Rajoelina fled the country.
Domestic politics: The pound fell yesterday to below $1.33 after UK unemployment increased to its highest level since 2021.
Unemployment rose from 4.7 per cent to 4.8 per cent in the three months to August and has been blamed on the Government’s tax rises.
The Office for National Statistics suggested, however, that falls in employment are now levelling off.
The Mighty Calendar
What’s happening today?
NATO Defence Ministers’ meeting, Brussels
UK and Germany co-host Ukraine Contact Group meeting, Brussels
Prime Minister’s Questions in UK Parliament
Grand Sumo Tournament, Royal Albert Hall, London
China CPI inflation data (September) – expected to fall 0.2%
US CPI inflation data (September) – expected to fall 0.1%
Company results from: ASML, Morgan Stanley, Bank of America, United Airlines
Lookahead to tomorrow
Israel holds National Remembrance Day for October 7th attack
Informal G20 Finance Ministers’, IMF, Washington DC
Culture Questions in UK Parliament
UK GDP growth data (August) – expected to increase 0.1%
Company results from: TSMC, BNY Mellon, Nestle, Whitbread
The Mighty Finale
🌤️Weather today
Cloudy in the east of England. Sunny spells to the west. High of 15C and low of 10C in London. Cloudy in Belfast. Sunny spells in Edinburgh.
✏️Life coaching quote of the day
“Life is either a daring adventure or nothing at all.” – Helen Keller, writer and disability rights activist.
Mighty takeaway: Live life, take risks and try new things!
That’s it for this Wednesday morning.
Cheerio!
The Mighty Memo team
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