Technology continues to lead U.S. equities, with the Nasdaq up 1.2% amid talk of a Trump meeting with Putin and Zelenskiy next week. In fixed income, we saw a bear steepener in the treasury curve, with short bonds rising slightly and long bonds falling, taking the 2y-20y and 2y-30y spread to 110bps. In commodities, crude oil fell again, returning to levels of 2 months ago; metals and agriculture were mixed.

Venezuela and PDVSA remained stable with reduced volumes.

In Latin American credits, Pemex returned 1.5pts after the Pemex change plan left the market less optimistic. Elsewhere in the region, flat to up 0.25pts.