Market Update 11/02/2025

Wall Street started the week strongly, with the Nasdaq closing up 1.1%, the S&P 500 up 0.6%, and the Dow Jones up 0.3%. The U.S. 10-year Treasury yield remained stable at 4.49%, while oil prices rose 1.5% to $75.80 per barrel.

Asian stock indices also began the week with gains. The Hang Seng Index led with a 1.8% increase, the Shenzhen index rose 0.2%, and the Nikkei closed flat. Australia’s ASX 200 index fell 0.3%, dragged down by IT and communication sectors.

European stock markets opened higher and continued to rise. The CAC closed up 0.4%, the DAX gained 0.6%, and the FTSE closed up 0.8%. After the Eurozone’s February Sentix Investor Confidence Index came in stronger than expected (-12.7 vs. -16.5 expected), EUR/USD and GBP/USD reached highs of 1.0336 and 1.2420 respectively.

Currency markets saw limited movement yesterday. AUD/USD opened at a low of 0.6230 in early trading but steadily climbed to 0.6280 throughout the session. GBP/USD slid to new lows below 1.2370 in late trading.