Market Highlights
Market highlights
2025-06-13
A solid sale of long-term Treasuries reduced fears that spiraling deficits are causing investors to
shun the bonds, with the market also gaining as soft inflation fueled bets the Federal Reserve will
cut rates should the economy decelerate. The dollar hit a three-year low. Stocks rose.
US 30-year yields approached the 4.8% mark after the $22 billion auction. The S&P 500 closed at the
highest since Feb. 20, ending at a striking distance of its all-time high. Oracle Corp. climbed to a
record on a strong sales outlook. Geopolitical worries briefly weighed on equities as ABC News
reported Israel is considering military action against Iran. Oil pared most of its losses.
Crude oil jumped the most in more than three years, stocks slid and haven assets including
government bonds and gold rose after Israel attacked Iran’s nuclear program sites in a major
escalation of tensions in the Middle East.
2025-05-14
A rally in the world’s largest technology companies wiped out the stock market’s losses for the
year on bets tensions around Donald Trump’s trade war are cooling, with inflation data showing
limited impacts thus far.
Equities climbed to the highest since February, the month that marked the S&P 500’s all-time high.
The gauge was up almost 1%, with chipmakers leading the charge as Nvidia Corp. and Advanced
Micro Devices Inc. will supply semiconductors to Saudi Arabian firmHumain for a massive data-
center project. Treasuries erased gains on speculation the Federal Reserve will stay put as it
evaluates potential implications of tariffs. The dollar fell.
2025-05-13
Wall Street’s bets that the US-China trade truce marked the end to an all-out tariff war drove the
S&P 500 up over 3%, while sinking defensive corners of the market from bonds to gold and haven
currencies. The dollar climbed the most since its November post-election rally.
The rebound in risk appetite and diminished expectations of a recession drove the stock
benchmark above President Donald Trump’s April 2 “Liberation Day” level. A surge in big techs put
the Nasdaq 100 back into a bull market just about a month after it plunged 20% from a previous
record. Amid a potential reset in inflation expectations, Treasury yields climbed as traders lowered
their Federal Reserve wagers to just two rate cuts in 2025
2025-05-12
Wall Street ended the week on a more cautious note, with stocks and bonds fluctuatingas the
world’s two largest economies get ready to kickstart their trade negotiations.
Investors refrained from making riskier bets on speculation that while discussions between
Chinese and American officials could represent a diplomatic icebreaker, a comprehensive
commitment would only come to fruition after several rounds of talks. Following a rapid $6 trillion
surge in the S&P 500 from the brink of a bear market, action has been more muted in recent days.
The gauge closed little changed on Friday.
2025-05-09
Wall Street’s risk-on mood prevailed on Thursday, with stocks up and bonds down as Donald Trump
announced a trade deal with the UK while noting that if China talks go well, tariffs could be
lowered. Equities also gained after the president said investors should buy shares now.
For a market hoping for an easing of tensions between the US and its top commercial partners,
that was enough to boost the S&P 500 - with the gauge briefly topping its April 2 high before the
advance subsided. While most major industries rose, gains were led by economically-sensitive
sectors. Bitcoin surpassed $100,000. As the safety bid ebbed, gold and haven currencies fell.
Treasury yields surged as traders pared bets on interest rate cuts
2025-05-08
Assurances by Jerome Powell that the economy remains sound and the Federal Reserve won’t be
forced into rash action by Donald Trump’s trade war bolstered markets, lifting stocks, bonds and
the dollar. Equities were also aided by prospects for looser rules on chip exports.
While warning that risks are growing of higher inflation and slowing growth, Powell calmed
investors after the Federal Open Market Committee left interest rates unchanged. The S&P 500
halted a two-day slide, led by chipmakers as Bloomberg News reported that the Trump
administration plans to rescind Biden-era curbs for the industry. Swap traders kept betting on at
least three Fed reductions in the remainder of 2025.
2025-05-07
Wall Street’s risk-off mode prevailed in the run-up to the Federal Reserve decision, with stocks
falling and bonds rising as President Donald Trump’s tariff remarks failed to ease worries that his
trade war will cause economic damage.
After almost wiping out losses, the S&P 500 closed with a drop of nearly 1%. Trump said he would
prescribe tariff levels and concessions for partners looking to avoid higher duties, appearing to
move away from the idea that he would engage in back-and-forth negotiations. Trade jitters
spurred gains in Treasuries, which also climbed after a solid $42 billion sale of 10-year bonds.
2025-05-06
A historic stock-market run came to a halt as President Donald Trump’s latest tariff remarks
provided little relief to investors bracing for the impacts of his trade war on the economy and
corporate earnings.
Despite data showing a pick-up in growth at US service providers, the S&P 500 halted its longest
rally in about 20 years. While Trump suggested some trade deals could come as soon as this week,
there was no indication of an imminent accord with China. In late hours, Ford Motor Co. pulled its
financialguidance and said auto tariffs will take a toll on profit. Palantir Technologies Inc. sales
forecast fell short of Wall Street’s high hopes.
2025-05-05
Wall Street’s risk-on brigade pushed the S&P 500 to its longest winning streak in two decades, with
scars from April’s tariff shock healing on fresh signs of US-China diplomacy.
The S&P 500 and the Nasdaq 100 rose more than 1% each on Friday, notching a second straight
week of gains. A dollar index dropped. Treasuries slid, with the policy-sensitive two-year yield
jumping over 10 basis points to 3.83%. Oil slipped as OPEC+ discussed making another major
production increase. With demand for havens fading, gold suffered a second consecutive week of
losses.
2025-05-02
Wall Street’s risk appetite raged anew as robust tech earnings upended the ‘sell America’ narrative
that rocked global markets last month in the grip of the tariff shock.
The S&P 500 rose for eight straight days, its longest winning streak since August. The Nasdaq 100
finished1.1% higher. Microsoft Corp. and Meta Platforms Inc. jumped on upbeat results, boosting
both the equities gauges. A report of the US weighing a potential easing of restrictions on Nvidia
Corp.’s sales to the United Arab Emirates pushed
shares higher.
2025-05-01
The great Wall Street rebound resumed in earnest as stocks staged a late-day comeback even as
fears grow that the US economy will buckle under the weight of Donald Trump’s trade war.
A month of historic volatility ended on that same note, with the S&P 500 wiping out a 2% slide for
the firsttime since 2022. Hopes that trade talks will prove constructive firmedup sentiment, after a
report that the US has been proactively reaching out to China through various channels. At the
same time, a cohort of investors is betting the Federal Reserve will administer its policy medicine
to forestall a recession.
Contact
Banque Des Monts Blancs SA
Rue du Mont-Blanc 3
1201 Geneva - Switzerland
Mailing address:
Banque Des Monts Blancs SA
P.O. Box 1523
1211 Geneva 1 - Switzerland
+41 22 906 06 07