Trump said he had a "very good" conversation with Xi, and said he will visit China, leading to a risk-on wave in Chinese and U.S. assets, gaining 2.7% on the Nasdaq and 1.55% on the S&P500 in what will be a short market week because of the U.S. Thanksgiving holiday on Thursday. Treasuries rose across the curve...

More volatility to close the week, but closing on a positive note for risk assets following reports of possible US permission for Nvidia to sell its H200 chips to China; the three major US indices closed up 0.88-1.1%, following declines in Asia and Europe. Treasuries closed...

A favorable quarterly report from Nvidia brought a very good start to the session for risk assets, particularly equities, with the Nasdaq up more than 2.5% at one point, but the tone changed completely with an aggressive wave of selling after noon, which led the indices to close sharply lower...

Stocks rise after Nvidia rallies ahead of earnings release. Wall Street traders pushed the market higher ahead of earnings from Nvidia Corp, whose bar has been raised amid doubts about whether its revenue will justify the billions of dollars spent on artificial intelligence...

New risk-off session in the markets, being marked by falls of more than 3% in the Nikkei, 1-2% in Europe and in the US they reached more than 2% but recovered to close less than 1% down. Treasuries were safe haven, but ended with only a slight bull steepener, with short yields dropping 4bps...

Global risk-off to start the week, with U.S. equities finishing as the worst performers falling between 0.8-1.2% for the three major indices, following declines of less than 1% in Asia and -0.8% average for European indices as alarm bells continue to sound on high valuations and credit problems....

The week ended with a wave of selling in Asian and European equities, whose indices fell more than 1%, infecting the start of the US session where the Nasdaq fell almost 2% at the opening but then we saw a significant wave of buying that led both the Nasdaq and the S&P to close flat. In fixed income, we also saw selling, with yields rising in both Europe and the US by 3-4bps...

Although an agreement was reached to reopen the U.S. government, the economic data expected today was not released and the market had a completely risk-off session despite the lack of news. Equity indices...