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%...
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...
December 18, 2025

Daily commentary

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

Daily commentary

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 15, 2025

Daily commentary

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

Daily commentary

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...