More volatility to close the week, but closing on a positive note for risk assets following reports of possible US permission for Nvidia to sell its H200 chips to China; the three major US indices closed up 0.88-1.1%, following declines in Asia and Europe. Treasuries closed marginally higher despite New York Fed President John Williams' statement that he sees room for more rate cuts in the near term, increasing the implied probability of -25bps futures in December from 35% to 65%. The dollar was unchanged and the VIX fell to 23.4.

Venezuela and PDVSA were slightly up with low volumes.

In Latin American credits, Argentina fell 0.75pts and Ecuador gained 0.7pts as the most active names, although Argentina in particular had little activity due to local holidays.