Wednesday 22 October 2025
The Mighty Headlines
Economics: UK Chancellor makes cost of living pledge
Business and markets: GM shares record best day since 2020
Foreign Affairs: Shipments of Russian crude rise to 29-month high
Security and intelligence: Europe shifts away from US on Ukraine’s borders
Domestic politics: UK and Kosovo in talks over “migrant return hub”
The Mighty Stats
FTSE = 9,426.99 (up 0.25%)
S&P 500 = 6,735.35 (up 0.0033%)
Nasdaq = 22,953.67 (down 0.16%)
CAC40 = 8,258.86 (up 0.64%)
£1 = $1.34 / €1.15
Lab / Con / Reform = 20 / 17 / 26 per cent
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The Mighty Detail
Economics: The UK Chancellor said yesterday that she would take action in November’s Budget to cut household bills and control public spending. The measures could also help bring down interest rates.
Data released today, however, is due to show inflation increasing to 4 per cent in September. This could make a cut in interest rates from the Bank of England less likely.
Business and markets: Shares in General Motors rose by over 14 per cent yesterday and recorded their best performance since 2020.
In Q3, the vehicle manufacturer posted revenue of $48.9 billion and earnings per share of $2.80. Revenue is down on Q3 2024 but is better than had been predicted by analysts.
Foreign Affairs: Shipments of Russian crude oil have risen to a 29-month high. Over the last four weeks, crude from Russian ports reached 3.82 million barrels a day. This is the highest level since May 2023.
The gross value of the country’s crude exports reached $1.5 billion.
China and India remain significant buyers of Russian crude in Asia, with Turkey a significant buyer in Europe.
Security and intelligence: European leaders have signed a statement supporting a ceasefire in Ukraine at the current line of contact, with a view to further negotiation. It contrasts with a statement made by President Trump last week, in which he suggested ending the war at the line of contact to “let both [Ukraine and Russia] claim victory.”
Domestic politics: The UK Government is in talks with Kosovo which would see the country host unsuccessful migrants to the UK. In return for hosting the “migrant return hub”, Kosovo is likely to seek greater security cooperation from the UK to protect it from Russian and Serbian security threats.
The Mighty Calendar
What’s happening today?
UK hosts Berlin Process Summit for Western Balkans leaders
Prime Minister’s Questions in UK Parliament
Renters Rights Bill debate
UK CPI inflation data (September) – expected to rise from 3.8 per cent to 4 per cent
Company results from: Tesla, Barclays, IBM, Heathrow, Heineken, AT&T, General Electric
Lookahead to tomorrow
UN Security Council holds debate on Gaza
European Council Leaders summit, Brussels
Ballot closes on UK Labour Party Deputy Leader election
Cabinet Office Questions in UK Parliament
Eurozone consumer confidence (October) – expected to fall from -14.9 to -15.4
Company results from: Lloyds, Ford, Renault, Intel, Nokia, Hasbro, Unilever, Accor Hotels
The Mighty Finale
🌤️Weather today
Rain in the southwest of England in the afternoon. Largely dry elsewhere in England. High of 15C and low of 10C in London. Sunny spells in Belfast and Edinburgh.
✏️Life coaching quote of the day
“Often the difference between a successful person and a failure is not one's better abilities or ideas, but the courage that one has to bet on one's ideas, to take a calculated risk—and to act.” – André Malraux, writer, French Resistance fighter and politician
Mighty takeaway: Take risks in life and have the courage to make yourself happy.
That’s it for this Wednesday morning. See you on Friday!
Adios!
The Mighty Memo team
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