Santa rally continues after strong US GDP – Newsquawk US Market Wrap

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SNAPSHOT: Equities up, Treasuries flatten, Crude up, Dollar down, Gold up. REAR VIEW: Strong US Q3 GDP; Durable Goods disappoints, but driven by volatile aircraft orders; Consumer Confidence underwhelms; IP impresses; Further jawboning from Japanese FinMin; Novo Nordisk’s Wegovy pill approved in the US; Decent US 5yr auction; Solid US 2yr FRN auction; BoC board says it is hard to predict whether next move is a hike or cut COMING UP: Note: The desk will run until 18:05GMT/13:05EST on Wednesday, 24th December. The desk will be closed for business between 25th December 2025 and 1st January 2026. However, we will…