Asian equities recovered, European equities ended mixed but with slight variations, and in the US we saw marked sales of technology, with the Nasdaq falling 1.8% and the S&P500 falling 1.16% due to risk reduction at the end of the year. Treasuries remained flat after giving back their early gains, while in Europe yields rose 2bps. In commodities, crude oil recovered 2% amid increased pressure from the US on Venezuela and its exports, metals gained 1-2%, and agriculture ended lower in most categories. The dollar appreciated 0.3% to 98.4 DXY, and the VIX rose to 17.5.

Venezuela and PDVSA fell 0.25-0.5 points in response to Trump's renewed pressure on the country, with part of the market interpreting this as meaning that there will be no decisive action against Maduro in the short term.

Latin American credits mostly fell, but by 0.25-0.5 pts, with spreads widening slightly.