December 2025 – Market Commentary

November offered a clearer view of a global economy still navigating uneven momentum.

In Canada, inflation eased again as policymakers debated the direction of interest rates. The United States faced data disruptions and a divided Federal Reserve.

Europe showed improving inflation dynamics but remained sensitive to fiscal pressures and trade frictions. The United Kingdom continued adjusting to slower growth while preparing for potential policy easing.

China balanced fragile demand with resilient exports, and cocoa markets reflected the shifting interplay between supply recovery and softer consumption. Enjoy your reading.

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