Daily commentary
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October 21, 2026
Daily Commentary for October 21, 2026.
Equities closed higher thanks to SpaceX’s earnings and strong preliminary results from Super Micro Computer, which reignited the artificial intelligence rally and eased concerns about whether high levels of capital expenditures would translate into profits. Equity indices advanced, with the Nasdaq rising 1.1%, the Dow Jones 0.7%, and the S&P 500 0.6%, while semiconductors led the rebound. Globally, the Kospi surged 3.3%, the Nikkei gained 0.9%, and the Stoxx 600 rose 0.8%, although the CSI 300 fell 1.0%. As for commodities, Brent crude rose 0.8% to $109.7, and WTI remained flat at $97.8, while gold advanced 0.2% and copper fell 0.5%. On the fixed-income front, the 2-year UST rose 3 basis points and the 10-year UST rose 1 basis point, while the 30-year UST fell 1 basis point, with the yield curve flattening due to pressure at the short end, while the 20-year bond auction received a mixed reception. In Europe, the 10-year Bund rose 2 bps and the 10-year Gilt fell 3 bps, while the yield on the 10-year French bond hit 5% for the first time since 2002, pressured by high energy prices and fiscal concerns. On the FX and volatility front, the DXY remained flat at 101.7, and the VIX fell 0.7 points to 16.6.
In Venezuela/PDVSA, the session saw slight declines, with drops of 0.2–0.4 points on the sovereign yield curve and up to 0.3 points for PDVSA. Elecar fell 0.3 points, and the PDV20 rose 0.1 points. Trading volume totaled USD 165 million, concentrated in PDV'22 and PDV'24.
Latin American yield curves closed mostly higher, with Pemex and Brazil up 0.5, the Dominican Republic up 0.3, El Salvador and Mexico up 0.2, and Ecuador and Colombia up 0.1 points, while Argentina fell 0.2 points. Average volume.
