November 14, 2025

Daily commentary

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...
November 13, 2025

Daily commentary

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...
November 7, 2025

Daily commentary

Strong risk-off in the morning following yesterday's sell-off, with the Nasdaq down -2% again, before recovering sharply in the afternoon to close down -0.2%, while the S&P500 and Dow closed flat; previously, Asia and Europe had declines of up to 1% ...
November 6, 2025

Daily commentary

Asian equities recovered, advancing 1-2%, while in Europe and the US we saw falls, recovering from the low but closing down 1.3% on the Nasdaq and 0.7% on the S&P500. Treasuries acted as a safe haven, with yields falling 6-7bps, leaving the 10y yield at 4.1% and the 30y yield at 4.7%...
November 5, 2025

Daily commentary

The treasury curve fell sharply, with yields rising 6-7bps after the Treasury announced that the long bond auctions will be larger than anticipated, while the services data was stronger than expected; previously, in Europe yields rose 3-4bps. In equities...
November 3, 2025

Daily commentary

The start of what is known as the best month of the year for the market saw the tech rally as Amazon.com Inc.'s $38 billion deal with OpenAI. It added fuel to the artificial intelligence market. Cryptocurrencies plunged....
October 31, 2025

Daily commentary

The bull market received a fresh boost at the end of a month that has lived up to its reputation for volatility, with optimism about earnings outweighing concerns about a rally that is mainly focused on tech giants....
October 30, 2025

Daily commentary

The S&P 500 falls 1% after the impact on government spending. Wall Street halted a rally on concerns over whether massive artificial intelligence, spending will pay off. Meta Platforms Inc. down 11%...
October 22, 2025

Daily commentary

The S&P 500 is on track for its best two-day advance since June. Wall Street traders led stocks higher amid solid results from U.S. companies, while tariff tensions between the world's two largest economies cooled....