January 14, 2026

Daily commentary

The Nasdaq fell 1% as AI trading weakened slightly, while the S&P 500 fell 0.5% and the Dow fell 0.1%. Global fixed income had a positive day, with yields falling 4-5bps in both the US and European sovereign markets. In commodities, crude oil closed higher for the fifth consecutive day, rising 10% in this...
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%...
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...