Daily Report

5 de Novembro de 2025
Financial Markets | daily report 05.11.2025
  • The week started on a risk-off tone. Equities fell across the board, particularly in the US, as several Wall Street CEOs and major banks warned of potential drawdowns and concerns over overstretched valuations. European and Asian indices also declined, albeit more modestly, with Spain’s Ibex closing flat.
  • Sovereign bond yields fell on both sides of the Atlantic, while eurozone peripheral spreads remained broadly unchanged, amidst a generalized lack of macro references due to the US government shutdown. In the eurozone, Germany’s international trade promotion agency published a report forecasting a record trade deficit with China in 2025 (€87bn).
  • In FX markets, the dollar rose against its peers amid a general flight to safety (which weighed heavily on Bitcoin), supported by internal divisions within the FOMC that make another rate cut this year less likely. In commodities, gold dropped as the stronger dollar weighed on demand, and European natural gas prices rose following reports of cooler weather ahead.