Global risk assets remain unstoppable amid reports that negotiations between the U.S. and Iran to end the war are continuing. U.S. equities rose 1–2%, with the three major indices ending the year in positive territory, mirroring gains in European and Asian indices, while the Nikkei remains the top performer so far in 2026 (+13.44%). Bonds also rallied significantly, with European yields falling by up to 11 bps and U.S. yields by 4 bps, against a further 0.25% depreciation of the dollar (DXY 98.1). In commodities, crude oil fell 7%, with WTI closing at $92 and Brent at $95, while metals rose 1-3%, similar to the gains seen in most agricultural commodities.

Venezuela and PDVSA continued their upward trend, with the oil company’s bonds rising 0.5 points and sovereign bonds gaining 0.25 points; by the end of the day, it was confirmed that the U.S. had lifted sanctions on the Central Bank of Venezuela and Venezuelan state-owned banks.