Financial Markets Daily Report10 novembre 2025
Friday’s session registered losses in nearly all major stock markets as investors reassessed elevated valuations in the technology sector. On the macro side, the University of Michigan Consumer Sentiment Index fell to a three-and-a-half year low, as worries about the economic consequences of the longest government shutdown ever increased.
Sovereign yields rose on both sides of the Atlantic, with hawkish statements from Cleveland's Fed president Hammack pushing US yields higher. Euro area peripheral risk premia were unchanged. The euro was mostly flat against its peers.
In commodities markets, Brent prices recovered on hopes that Hungary will be able to use Russian crude after its Prime Minister Orban met with Donald Trump at the White House. Gold prices climbed back above the $4,000 mark, recovering after a week of declines.
Late on Sunday night, the US Senate passed the first stage of a deal that would end the government shutdown.