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Japan Backs December Hike

Japan Backs December Hike

Top Japanese officials signaled they’d support a BOJ rate hike in December.

Ankit Sinha
December 04, 2025

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Banana Bits: Finance headlines that actually matter
Market Summary: A weaker job market bolsters Fed cut
What’s Ripe / Rotten: The tastiest and most disgusting stocks
Technical Trip: Interview Question with DE Shaw & Co
Deal Dispatch: M&A, IPOs, and other transactions
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Market Snapshot

📉 Banana Bits

Top Japanese officials signaled they’d support a BOJ rate hike in December.
Japan’s strongest 30-year bond sale since 2019 eased pressure on the BOJ.
A surge in Australian household spending is boosting bets on another rate hike.
Shipping rates have spiked 467%, disrupting trade across key commodities.
Nvidia’s Jensen Huang said he’s unsure whether China will accept its new H200 chips.
U.S. private payrolls fell the most since 2023, according to ADP.

Market News

A Weaker Job Market Bolsters Fed Cut

U.S. companies shed payrolls in November by the most since early 2023, adding to concerns about a more pronounced weakening in the labor market. Private-sector payrolls decreased by 32,000, according to ADP Research data released Wednesday. Payrolls have now fallen four times in the last six months.

Source

Wednesday’s weak ADP report risks heightening concerns of a more rapid deterioration in the labor market ahead of the Federal Reserve’s final policy meeting of the year next week.

This adds to evidence of a slowdown in the U.S. jobs market, reinforcing bets that the Federal Reserve will cut interest rates at its final policy meeting of 2025, driving stocks higher as bond yields fell alongside the dollar.

Source

The market reacted optimistically, with almost 350 S&P 500 shares rising despite weakness across most megacaps. Nvidia Corp.’s Jensen Huang is unsure whether China would accept its H200 chips should the US relax restrictions. Microsoft Corp. slid 2.5% on a report of lower demand for some artificial-intelligence tools.

What's Ripe

Microchip Technology Inc. (MCHP) 12.2%

MCPH jumped 12%. The semiconductor company raised its guidance for the fiscal third quarter to the higher end of prior ranges.

Marvell Technology Inc. (MRVL) 7.9%

MRVL rose 7.9%. The chip maker beat Wall Street’s third-quarter earnings and revenue targets and forecast stronger-than-expected growth for its data center segment.
Marvell also announced it would acquire AI start-up Celestial AI in a cash-and-stock deal valued at approximately $3.25 billion.

What's Rotten

GitLab Inc. (GTLB) 12.8%

GTLB slumped 13% after the software company swung to a loss in the fiscal third quarter, even as revenue grew 25% and adjusted earnings topped expectations.

Acadia Healthcare Co. Inc. (ACHC) 10.9%

ACHC was down 11%. The company, which operates a network of mental health and addiction treatment facilities,
It also reduced its fiscal-year outlook. Management cited higher-than-expected costs from patient-related litigation.

🧠 Technical Trip

Interview Q&A from DE Shaw & Co

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