Financial Markets Daily Report
25 febrero 2026
During yesterday's session, investors continued to digest the implications of the US Supreme Court's ruling to strike down US emergency tariffs. While the global tariff stands at 10%, the Trump administration is reportedly working to increase it to 15%. Against this backdrop, government bond yields closed flat on both sides of the Atlantic, in a day of choppy trading.
In the US, stock indices advanced to close up 1%, while gains in the euro area were more modest, weighed by persistent concerns over AI-related disruption across several sectors, particularly financials. The Spanish IBEX-35 and Italy's FTSE MIB underperformed, ending the session in negative territory due to their relatively higher exposure to the financial sector.
In currency markets, the Japanese yen weakened after PM Sanae Takaichi reportedly held talks with BoJ Governor Kazuo Ueda, sharing her concerns around further rate hikes. In commodities markets, Brent prices eased ahead of the nuclear talks between Iran and the US later this week.