Financial Markets Daily Report
29 enero 2026
As expected, the Federal Reserve maintained its policy rate in the 3.50%-3.75% range. Fed Chair Jerome Powell struck a somewhat hawkish tone, highlighting activity strength, labor market stabilization and elevated inflation. Treasury yields ended the session flat and the dollar rebounded from its sharp decline since last Friday, gaining against the euro and the yen.
Global stock markets had a mixed session. European indices fell, weighed down by luxury stocks, while emerging markets indices advanced. In the US, large cap companies (Meta, Microsoft, Tesla, IBM) reported stronger-than-expected earnings and revenue for Q4 2025, and while the S&P closed little changed, it briefly hit a record a high of 7,000 during the session.
In commodities markets, gold prices extended their rally, settling above $5400/ounce. As of this morning, it was trading close to $5500/ounce. Brent prices increased on persisting concerns regarding Iran. Today, investors will be attentive to further earnings reports from large companies in the US.