{"id":569,"date":"2025-09-15T01:10:00","date_gmt":"2025-09-15T01:10:00","guid":{"rendered":"https:\/\/inmyopinion.com.sg\/?p=569"},"modified":"2025-09-15T01:10:00","modified_gmt":"2025-09-15T01:10:00","slug":"market-wrap-for-week-ending-12-sep-2025","status":"publish","type":"post","link":"https:\/\/inmyopinion.com.sg\/?p=569","title":{"rendered":"Market Wrap For Week Ending 12 Sep 2025"},"content":{"rendered":"<h4>U.S. Small Businesses More Confident<\/h4>\n<p>Small business sentiment continued to climb in August. The NFIB Small Business Optimism Index increase to 100.8. Growing sales prospects and solid earnings are said to be the driving forces behind the improvement. Small businesses also appeared to receive greater clarity amid the unveiling of the administration\u2019s tariff policy and the successful passage of the One Big Beautiful Bill Act. A drop in job openings at small firms raises some caution, however. That said, small cap stocks continue to rally.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-571\" src=\"https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-09-at-9.47.51-PM.png\" alt=\"\" width=\"993\" height=\"517\" srcset=\"https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-09-at-9.47.51-PM.png 993w, https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-09-at-9.47.51-PM-300x156.png 300w, https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-09-at-9.47.51-PM-768x400.png 768w\" sizes=\"auto, (max-width: 993px) 100vw, 993px\" \/><\/p>\n<h4>U.S. Job Growth Revised Down Significantly<\/h4>\n<p>Annual revisions to nonfarm payrolls data for the year prior to March 2025 showed a drop of 911,000 from initial estimates, according to a preliminary report from the BLS. This is the largest since 2002 (the 2009 revision was -902,000). Clearly it showed that the economy was on shakier footing that it appeared. It is important to note that the revisions are not reflective of current conditions.<\/p>\n<p>Looking at initial claims would give a clearer picture of the health of the labour market. For now, there isn&#8217;t a significant increase in initial claims for unemployment, unlike the period where the data was revised. Market action was relatively muted. The S&amp;P 500 gained 0.23% while the US dollar was flat. The 10Y Treasury bond yield inched up by 4 basis points.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-574\" src=\"https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2025\/09\/fredgraph-503-1.png\" alt=\"\" width=\"1140\" height=\"450\" srcset=\"https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2025\/09\/fredgraph-503-1.png 1140w, https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2025\/09\/fredgraph-503-1-300x118.png 300w, https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2025\/09\/fredgraph-503-1-1024x404.png 1024w, https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2025\/09\/fredgraph-503-1-768x303.png 768w\" sizes=\"auto, (max-width: 1140px) 100vw, 1140px\" \/><\/p>\n<h4>US Q3 Economic Growth Resilience<\/h4>\n<div>The Atlanta Fed\u2019s GDPNow model for Q3 2025 is currently stronger than the consensus forecast mainly because recent economic data shows stronger-than-expected activity in key areas: (1) Personal consumption spending has increased, indicating that consumers are spending more than anticipated. (2) Business investments are growing robustly, with stronger manufacturing, retail sales, and housing data supporting this. (3) Net exports contribution initially showed a decline but has stabilised, offsetting some downside. These data updates have pushed the GDPNow estimate to around 3.1% to 3.5%, higher than many consensus forecasts near 2.5% or lower.<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-576\" src=\"https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2025\/09\/image-3.png\" alt=\"\" width=\"650\" height=\"531\" srcset=\"https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2025\/09\/image-3.png 650w, https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2025\/09\/image-3-300x245.png 300w\" sizes=\"auto, (max-width: 650px) 100vw, 650px\" \/><\/p>\n<p>Cyclical sectors like homebuilding is rallying again. With long term rates lower, housing may be given a boost, leading to greater discretionary spending by consumers.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-578\" src=\"https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2025\/09\/image-4.png\" alt=\"\" width=\"700\" height=\"312\" srcset=\"https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2025\/09\/image-4.png 700w, https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2025\/09\/image-4-300x134.png 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<h4>ECB Kept Rates Unchanged<\/h4>\n<p>The European Central Bank (ECB) left <a href=\"https:\/\/www.euronews.com\/business\/2025\/09\/11\/european-central-bank-leaves-key-deposit-rate-unchanged-at-2\">interest rates unchanged<\/a> and signalled that it will likely keep them at the current level for some time. In the ECB\u2019s assessment, downside risks to growth and inflation have diminished, reducing the scope for a more accommodative policy. The crisis brewing in France has yet to make an impact on French or European markets for now, as French corporates continue to enjoy <a href=\"https:\/\/www.linkedin.com\/posts\/mohamedelerian_economy-markets-debt-activity-7372966447926657024-seM0\/\">lower<\/a> interest rates than the government.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-582\" src=\"https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2025\/09\/french-corporate-yield.jpg\" alt=\"\" width=\"398\" height=\"512\" srcset=\"https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2025\/09\/french-corporate-yield.jpg 398w, https:\/\/inmyopinion.com.sg\/wp-content\/uploads\/2025\/09\/french-corporate-yield-233x300.jpg 233w\" sizes=\"auto, (max-width: 398px) 100vw, 398px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. Small Businesses More Confident Small business sentiment continued to climb in August. The NFIB Small Business Optimism Index increase to 100.8. Growing sales prospects and solid earnings are said to be the driving forces behind the improvement. Small businesses also appeared to receive greater clarity amid the unveiling of the administration\u2019s tariff policy and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-569","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Market Wrap For Week Ending 12 Sep 2025 -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/inmyopinion.com.sg\/?p=569\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Wrap For Week Ending 12 Sep 2025 -\" \/>\n<meta property=\"og:description\" content=\"U.S. Small Businesses More Confident Small business sentiment continued to climb in August. 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