The positive tone continues in the markets, with equities rising globally, led today by "value," with the Dow Jones up more than 1.3%, accompanied by a rise in global fixed income, with yields on both Treasuries and European sovereign bonds falling 3-5bps, as the probability of a Fed rate cut increases to 80% at -25bps. In commodities, crude oil fell more than 1% on expectations of low demand, closing below $58 for WTI and $63 for Brent. The dollar depreciated 0.4% and the VIX fell to 18.7, its lowest level in two weeks.

Venezuela and PDVSA fell 0.75 and 0.25 points, respectively, after Trump hinted at a possible call with Maduro, interpreted by the market as less pressure on the latter's possible departure.

In Latin American credit, Ecuador rose 1-1.5 points after an upgrade by Fitch from CCC+ to B-; Argentina fell 0.5 points among the negatives, and the rest of the region closed between flat and down 0.25 points.