December 22, 2025
One of the most illiquid weeks of the year began, with gains in Asian and American equities, while European equities saw slight declines. Treasuries and European sovereign bonds had a...
December 19, 2025
Positive end to the week for equities globally, with the Nasdaq gaining 1.2% and the US market up 0.9%, while in Asia the Japanese Nikkei gained 1% and in Europe the FTSE100 led the way with +0.6%. As for rates...
December 18, 2025
Asian equities recovered, European markets ended mixed but with slight variations, and in the US we saw sharp sell-offs in technology, with the Nasdaq falling 1.8% and the S&P 500 falling 1.16% amid risk reduction...
December 17, 2025
Asian equities recovered, European markets ended mixed but with slight variations, and in the US we saw sharp sell-offs in technology, with the Nasdaq falling 1.8% and the S&P 500 falling 1.16% amid risk reduction...
December 16, 2025
Yields on U.S. Treasury bonds continued to rise for the second consecutive week, despite the Federal Reserve's (Fed) rate cut. The Fed concluded its last meeting of the year on Wednesday and, as expected,
reduced its interest rate by 25 basis points, placing it in the range of 3.50%–3.75%...
December 15, 2025
Equities fell by up to 1.5% in Asia, rose by an average of 1% in Europe, and ended with slight declines in the US, in a session without any major news. Treasuries gained in the morning but gave up their gains to end essentially flat, while in Europe bonds...
December 11, 2025
Outperformance marked the Dow (+1.3%) over the Nasdaq (-0.36%) today in a shift from tech to value following a disappointing quarterly report from Oracle, following gains in Europe and declines in income...
December 10, 2025
Yields on U.S. Treasury bonds rebounded during the week, just hours before the Federal Reserve's (Fed) last meeting of the year, where a third consecutive 25bps cut is widely expected...
December 8, 2025
During December, the balanced portfolio recorded a return of +1.04%, closing 2025 with a cumulative gain of +12.48%. The month's performance was supported by a recovery in themes that had shown weakness in previous months, notably global defense, as well as by the strong performance of the financial sector and the eurozone. In contrast, sectors...