January 13, 2026

Market Flash

U.S. Treasury bond yields showed mixed movements, while markets began the first full week of trading in the new year on a positive note, reaching new highs. A significant amount of economic data was released during the week, including several labor market reports that, in general, surprised on the downside.
January 13, 2026

Daily commentary

The Japanese Nikkei rose 3%, remaining the best performing equity index so far this year despite the continued weakening of the yen. European indices remained largely unchanged, while in the US we saw widespread declines, with the Dow Jones underperforming and falling nearly 1%. In fixed income, rates in...
January 12, 2026

Daily commentary

Asia led the start of the week, with both the Nikkei and Hang Seng rising more than 1%, while in Europe and the US, equity indices posted modest gains. In fixed income, Treasuries saw a slight bear steepener, with long bonds falling more, dismissing the noise brought on by the government's demand...
January 6, 2026

Daily commentary

U.S. stocks closed at a new record high on Tuesday, continuing a streak driven by investor optimism about artificial intelligence and expectations of more flexible monetary policy from the Federal Reserve. The S&P 500 Index ended up 0.6%, surpassing the closing high reached at the end of December. The technology sector Nasdaq 100 Index rose 0.9%...
January 5, 2026

Monthly Report January 2026

2026 began on a constructive note for the markets, although accompanied by occasional episodes of volatility linked to geopolitical factors and changing monetary policy expectations. In the United States, equities started the year with positive results: the S&P 500 recorded a total return of +1.44%, the Dow Jones advanced +1.80%, while the Nasdaq Composite accumulated a gain of +0.97% during the month...
January 5, 2026

Market Flash

Yields on U.S. Treasury bonds rebounded after a week shortened by the year-end holidays. On Tuesday, the Federal Reserve released the minutes of its December 9-10 monetary policy meeting, at which officials decided to cut rates by 25 basis points. The minutes reflect that...
December 23, 2025

Daily commentary

Equities rose globally after an exceptional US GDP report, with the economy growing 4.3% in the third quarter on an annualized basis vs. the expected 3.3%, while Treasuries ended with a...
December 22, 2025

Daily commentary

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

Daily commentary

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...