The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

1108 ET - Consumer confidence in Canada improved in November but remains well below year-ago levels due to the fallout from US trade policy, says the Conference Board of Canada. The not-for-profit think tank says its consumer-confidence index rose 2.5 points in November from the prior month to 57.4. A year ago, the board's index sat at 69.9. The board says confidence remains lackluster in the manufacturing-focused central Canadian provinces of Ontario and Quebec. Those provinces, which account for 60% of Canada's population, are facing a financial squeeze and job losses from President Trump's hefty tariffs. That is offset by big gains in Alberta, home to vast oil-and-gas reserves, and Atlantic Canada, and a solid gain in the Pacific Coast province of British Columbia. (Paul.Vieira@wsj.com; @paulvieira)

1102 ET - Nearly 85,000 U.S. sellers took their homes off the market in September, up 28% from a year earlier, according to Redfin. This September is compared to past Septembers because delistings are seasonal, peaking in the winter months, Redfin says. Delistings have been rising since spring 2024, with year-over-year growth peaking at 39% in June 2025. They also surged in 2022, when mortgage rates rose from pandemic-era lows and homebuying demand dropped. There are several reasons more sellers are pulling their homes off the market, including a surge in stale listings, slow demand, sellers not wanting to take a loss, and more total listings. Delistings are increasing faster than overall listings are increasing. Nationwide, 5.5% of all home listings were taken off the market in September.(chris.wack@wsj.com)

1052 ET - West Palm Beach, Fla., is leading a Sun Belt luxury surge that is redefining the upper end of the U.S. housing market, according to Redfin. Luxury homes in the South Florida metro sold for a median of $4.04 million in October, up 187.3% from a decade ago--more than double the national rise of 82.5%. One of the things driving wealthy buyers towards southern Florida is the state's no-income-tax structure, which became even more compelling after the 2017 SALT deduction cap increased the tax burden for high earners in states like New York and California, Redfin says. The rise of remote work since 2020 opened the door for high-earning buyers from big East and West Coast cities to relocate south. Eight of the 10 major metros with the fastest growth in luxury home prices since 2015 are in the Sun Belt. (chris.wack@wsj.com)

0619 ET - Gold prices remain supported by persistent geopolitical tensions despite broader uncertainty about the Federal Reserve's next policy move, says Kudotrade's Konstantinos Chrysikos. "The geopolitical backdrop is still dominated by instability in the Middle East and renewed tensions in Eastern Europe," he says. "While diplomatic channels continue to explore the contours of a potential Russia-Ukraine agreement, meaningful progress remains elusive." Meanwhile, investment demand is also showing signs of resilience with gold-backed ETF inflows driven by strong demand in Asia, according to Chrysikos. Investors' focus is now on the release of delayed U.S. economic data, which is expected to offer clearer insights into labor market trends and inflation pressures as the Fed nears its final policy meeting of the year. Gold futures rise 0.9% to $4,131.30 a troy ounce in afternoon trading. (giulia.petroni@wsj.com)

0437 ET - Nexi's share price would benefit from Italy's sovereign wealth fund CDP adding to its 19.14% stake, as reported in Italian newspaper Corriere, Equita's Aleksandra Arsova says. "The potential increase in CDP's stake in Nexi would partially reduce the overhang risk on Nexi," she writes in a note. Shares in the Italian payments company are up 1.4% at 3.92 euros. ( najat.kantouar@wsj.com)

0412 ET - EFG International outlined a plan for the period to 2028, which is broadly a continuation of its strategy, Vontobel says in a research note. The Swiss private bank expects to grow its net profit by 15% every year and increase its return on tangible equity to 20%. "As EFG is on track to deliver on its 2022-2025 strategic plan and meet or exceed its 2025 targets, we expect management to continue to execute in a disciplined way over the next years," analyst Andreas Venditti writes. Vontobel's estimates are in line with the new targets for the 2026 to 2028 period, he adds. Shares are up 2.3% and have gained 33% in the year to date. (elena.vardon@wsj.com)

0359 ET - Shares in Barclays, Lloyds Banking Group and NatWest traded higher on Tuesday morning ahead of the U.K. budget. This follows reports that the banking sector would be spared when Treasury chief Rachel Reeves outlines her plans for tax increases and spending changes on Wednesday, Interactive Investor's Victoria Scholar says in a market comment. The FTSE trades roughly flat, while Lloyds is up 2.6%, Natwest and Barclays gain 2.4%. (elena.vardon@wsj.com)

0312 ET - Alliance Bank Malaysia could see a major boost from the potential entry of a new shareholder, likely driving a re-rating of the stock if the bid succeeds, CIMB Securities analyst Ei Leen Tan says in a note. Bloomberg reported that DBS has filed a revised application with Bank Negara Malaysia to acquire up to 30% of Alliance, down from its earlier proposal to purchase as much as 49%, suggesting the scaled-down bid may have a better chance of securing regulatory approval, she notes. A shareholder of DBS's scale and operational expertise could enhance Alliance's competitiveness in franchise depth, product innovation, digital transformation and risk management, she adds. CIMB maintains a hold rating on Alliance and keeps its target price at MYR4.70. Shares are 2.4% higher at MYR4.65. (yingxian.wong@wsj.com)

0118 ET - Gold ETFs are likely to become an important component of many portfolios in India amid currency pressure, inflation risks and global instability, says Hemen Bhatia, CEO at Angel One Asset Management. Gold ETFs allow investors to gain exposure to gold through the stock market while being backed by physical metal. The steady flows into gold ETFs reflect how investors are viewing gold as an effective hedge against volatility, he says. In October alone, gold ETFs in India attracted INR77.43 billion of new inflows, he notes. Gold ETFs offer the combination of the metal's safe-haven appeal with the discipline and structure of a regulated investment vehicle, he adds. (monica.gupta@wsj.com)

2027 ET - Bendigo and Adelaide Bank's bear at Citi warns that concerns of potential money-laundering through one of its branches could weigh on the stock until the lender formulates its full response. Analyst Thomas Strong tells clients in a note that there is a history of sanctions and remedial plans across the Australian banking industry. With management yet to address risk issues that appear to extend across the group, uncertainty over the final outcome will probably keep downward pressure on Bendigo's shares, he adds. Citi has a last-published sell rating and A$11.00 target price on the stock, which is down 8.1% at A$10.11. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

November 25, 2025 12:20 ET (17:20 GMT)

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