A very positive week ends for global equities with a new session in green, where European stocks led by gaining more than 1%, and US stocks shook off a temporary drop on reports that the US will not continue negotiations with Canada on tariffs after Canada did not repeal the sales tax on digital services. Treasuries fell across the curve, raising rates 3-4bps, similar to what we saw in Europe; while in commodities there were mixed results, with metals and energy falling, but agriculture rising on a slight appreciation of the dollar. VIX fell to 16.3.

Venezuela and PDVSA saw little activity, with sovereigns falling slightly and PDVSA remaining unchanged.

In Latin American credits we also saw no impact movements, with variations of 0.25pts in both directions for the relevant names in the region.