Market Perspectives
U.S. equity markets rallied strongly, buoyed by robust corporate earnings as more than 85% of S&P 500 companies reported quarterly results. The technology-heavy Nasdaq Composite once again led gains, surging 4.55%, while the S&P 500 advanced 2.33% and the Dow Jones Industrial Average added a more modest 0.22%. Across the Atlantic, sentiment improved early in the week as easing geopolitical tensions in the Middle East combined with supportive earnings to stabilize markets. The pan-European STOXX Europe 600 ultimately finished a volatile week up 0.14%. Among the major indices, Germany’s DAX edged 0.19% higher and Italy’s FTSE MIB gained 2.16%, while France’s CAC 40 was broadly unchanged and the UK’s FTSE 100 declined 1.26%. In Asia, a shortened trading week still delivered strong gains, with Japan’s Nikkei 225 climbing 5.38% and Hong Kong’s Hang Seng rising 2.39%, led by technology and select consumer-related shares. Looking ahead, investors face a busy week, from a high-stakes meeting between President Donald Trump and President Xi Jinping to mounting focus on the Federal Reserve’s leadership transition and key U.S. inflation data, all against a backdrop of persistent tensions between Washington and Tehran. What can investors expect now?
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BONDS & MACROECONOMICS
The Treasury curve was broadly unchanged, with price action continuing to track swings in crude oil.
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