Morning View
U.S. stock indexes start the week on a positive note
International
Monday began with widespread gains in stock indices. The S&P 500 rose +1.5%, while the Nasdaq rose +2.7% and the Dow Jones rose +0.4%. Thus, in 2025, the indices have accumulated gains of +14%, +18.4%, and +9.2%.
On the other hand, the US Treasury bond yield curve did not undergo any major changes. The 1-year bond went from 3.62% to 3.61%, while the 3-year bond varied from 3.50% to 3.48% and, finally, the 10-year bond stood at 4.02%, down from 4.06% previously.
Commodities moved in a mixed fashion. Gold rose +1.8% and closed at USD 4,136 per ounce, while WTI and Brent crude oil rose +1.3% in both cases, closing at USD 58.8 and USD 63.4, respectively. Soybeans fell -0.2% and ended at USD 412.7 per ton.
Sources: PUENTE Hnos, Bloomberg
In the United States, the week closes with positive activity data
International
On Friday, the preliminary Purchasing Managers' Index (PMI) figures for November were published, standing at 51.9 points for manufacturing, below the expected 52, while for services they were 55 points, above the expected 54.6. Remember that a reading above 50 points implies expansion of activity, and below 50 points implies contraction. On the other hand, the University of Michigan Consumer Confidence Index for November was 51 points, above the projected 50.3.
US stock indices rose again on Friday. The S&P 500 rose +1.0%, while the Nasdaq rose +0.9% and the Dow Jones +1.1%. So far in 2025, the indices have accumulated variations of +12.3%, +15.3% and +8.7%, respectively.
On the other hand, the US Treasury bond yield curve compressed again. The 1-year bond went from 3.65% to 3.62%, while the 3-year bond varied from 3.53% to 3.50% and, finally, the 10-year bond stood at 4.06%, down from 4.08% previously.
Sources: PUENTE Hnos, Bloomberg
