18 November 2025
US stocks started the week lower, with upcoming earnings from a major chipmaker and several big-box retailers in focus. Investors also looked ahead to the much-delayed jobs report due later this week. The S&P 500 shed 0.9%.
US Treasuries were range-bound amid a slate of corporate bond issuances. 10-year yields edged down 1bp to 4.14%.
European stocks fell on Monday ahead of the release of US economic data delayed by the US government shutdown. The Euro Stoxx 50 closed 0.9% lower. The German DAX fell 1.2% and the French CAC lost 0.6%. In the UK, the FTSE 100 decreased by 0.2%.
European government bonds rose (yields fell). 10-year German yields and 10-year French yields edged down 1bp to 2.71% and 3.45%, respectively. In the UK, 10-year UK gilts fell 4bp to 4.53%.
Asian stock markets traded mixed on Monday, as investors cautiously await US macro data releases and their potential implications for the Fed policy outlook. US mega tech earnings were also in focus. Japan’s Nikkei 225 slipped 0.1%. China’s Shanghai Composite and Hong Kong’s Hang Seng fell 0.5% and 0.7% respectively. Meanwhile, Korea’s Kospi rallied 1.9% whilst India’s Sensex closed 0.5% higher as some solid Q2FY26 earnings, improved confidence over India’s economic outlook and expectations of progress on an India-US trade deal supported domestic risk appetite.
Crude oil prices edged lower on Monday as investors monitored Russian oil supply disruptions and geopolitical developments. WTI for December delivery settled 0.3% lower at USD59.9 a barrel.
No major releases.
No major releases.
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