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August 08, 2025
Daily Comment of 08 August 2025.
Higher rates globally ending the week, seeing a 4-7bps increase in the long end of European sovereign curves, while in the US the curve had a parallel move of 3bps. On the other hand, US equities remain in demand, with the S&P and Nasdaq up almost 1%, again pushed by Apple, in a session of few movements in Europe and Asia. In commodities, energy was mostly flat as well as metals. The dollar depreciated 0.2% and the VIX fell to 15.4.
Venezuela and PDVSA retreated 0.10-0.20pts on recent news flow, in which the reward for Maduro's capture was increased to $50M.
Latin American credits had mixed results of 0.25pts.
