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...
December 5, 2025
Yields continue to rise in the US and Europe, seeing an increase of 4bps across the Treasury curve and in the main European IG countries (except France), reaching 4.8% on the 30-year, the highest level in three months, despite expectations of a cut by the Fed on Wednesday. Equities end with modest gains in the US and Asia.
December 4, 2025
Treasuries fell alongside European sovereign bonds, with yields rising 4bps in the US and 3bps in Europe, against a slight decrease in the probability of a Fed rate cut next week to 93%. In equities, Asia and Europe rose, while US value stocks lagged behind and the S&P and Nasdaq rose at the end of the day after trading in the red for most of the day, in a session of...