Morning View
The Federal Reserve's interest rate decision will be announced today
International
Today, the US Federal Reserve will announce its decision on the benchmark interest rate, which currently stands at 3.50%-3.75% and is expected to remain unchanged. Subsequently, the Fed's chairman, Jerome Powell, will hold a press conference, where there will be anticipation about what he may say about the future of monetary policy.
The main US stock indices moved mixed yesterday. While the S&P 500 advanced +0.4%, the Nasdaq advanced +0.9% and the Dow Jones fell -0.8%. Thus, so far this year, the indices have accumulated variations of +1.9%, +2.5% and +2.0%, respectively.
US Treasury bond yields also saw mixed movements, with the curve steepening. The 1-year bond yield fell from 3.51% to 3.49%, while the 3-year bond yield remained unchanged at 3.65%. Meanwhile, the 10-year bond yield rose from 4.21% to 4.24%.
Finally, after today's market close, Microsoft, Meta, and Tesla, among other companies, will publish their fourth quarter 2025 results. Meanwhile, ASML reported revenue of USD 9.72 billion this morning, exceeding the USD 9.69 billion forecast, while its earnings per share (EPS) stood at USD 7.35, below the USD 7.58 projected by the analyst consensus.
Source: PUENTE Hnos, Bloomberg
U.S. stock indexes advance at the start of the week
International
The main US stock indices advanced on Monday. The S&P 500 closed up +0.5%, while the Nasdaq advanced +0.4% and the Dow Jones +0.6%. So far this year, the S&P 500 and Nasdaq have gained +1.5%, and the Dow Jones has gained +2.8%.
Meanwhile, US Treasury bond yields remained largely unchanged. The yield on the 1-year bond remained at 3.51%, yields on the 3-year bond fell from 3.66% to 3.65%, and the 10-year bond closed with a yield of 4.21%, down from 4.23% on Friday.
Commodities moved in mixed fashion. Gold continued its trend, advancing +0.4% to close at USD 5008 per ounce. WTI crude oil fell -0.7% and Brent crude fell -0.4%, with prices of USD 60.6 and USD 65.6, respectively. Soybeans also fell -0.6% and closed at USD 390.1 per ton.
Finally, yesterday Mexico's December unemployment rate was published, standing at 2.4%, below the expected 2.5% and the previous month's 2.7%.
Source: PUENTE Hnos, Bloomberg
