Market Recap • Week 24 2025

Highlights from the week of Jun 9 - 15, 2025

The US and European markets took a breather this week, partially sparked by a flare-up in the Israel vs Iran conflict on Thursday.

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Equities

America

• 🇺🇸 S&P 500 declined 0.39% for the week after nudging its highest level since February and getting within 1.5% of its all-time high. The Middle East escalation derailed the rally on Friday.
• 🇺🇸 Nasdaq Composite fell 0.63% this week after a 1.3% drop on Friday.
• 🇺🇸 Dow Jones Industrial suffered a 1.32% loss after topping 43,000 intraweek for the first time since early-March.
• 🇺🇸 Russell 2000 dropped 1.49% for the week after falling 1.85% on Friday.
• 🇨🇦 TSX eked out a 0.28% gain for its third straight week of new record highs.
• 🇲🇽 IPC gave up 1.07% for the week as it consolidates near record highs.
• 🇧🇷 Bovespa gained 0.82% for the week and remains right below its all-time high.
• 🇦🇷 Merval declined 1.37% for the week after a 2.77% drop on Friday.

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Europe

• 🇪🇺 STOXX 600 dropped 1.57% as it consolidates for the fourth straight week after its massive rebound from the early April crash.
• 🇬🇧 FTSE 100 eked out a 0.14% gain to a new record high weekly close of 8,850.
• 🇩🇪 DAX fell 3.24% for its worst week since the tariff tantrum in early April but is still up more than 18% for the year.
• 🇫🇷 CAC 40 declined 1.54% this week.
• 🇩🇰 C25 eked out a 0.31% gain for the week after having been up as much as 1.7% on Wednesday.

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Asia

• 🇯🇵 Nikkei 225 added just 0.25% this week and remains in a tight trading range in place for five weeks.
• 🇨🇳 Hang Seng gained 0.42% after having been up as much as 2.7% earlier in the week.
• 🇮🇳 Nifty 50 fell 1.14% and remains in a tight five-week trading range similar to the Nikkei 225.
• 🇰🇷 KOSPI surged another 2.94% to a new 3-year high and is now up around 27% since the early April bottom.
• 🇹🇼 TSEC rallied 1.9% to its highest level since pre-Liberation Day.

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Currencies & Commodities

• The DXY weakened 1.07% to a new 3-year low.
• USD.EUR dropped 1.37% to its lowest level since early November 2021.
• USD.DKK fell 1.36% for the week to 6.455 DKK.
• USD.GBP did relatively better, declining just 0.34% this week.
• USD.JPY weakened 0.51% for the week but remains within the range in place for two months.
• USD.CNH eked out a 0.07% gain for the week.
• Gold surged 3.75% to its highest-ever weekly close above $3,400.
• Silver rose another 0.9% after last week’s 9.07% breakout rally.
• Copper fell 1.54% for the week and continues to lag gold and silver.
• Bitcoin has traded between $102k and $110k this week, currently sitting right above $105k for a weekly decline of 0.4%.
• The altcoin market is slightly lagging Bitcoin with a 0.8% decline as of Saturday morning (CET). Ethereum (ETH) continues to outperform with a 1.6% gain for the week.

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Bond yields

• 🇺🇸 The US 2-year jumped 0.97% on Friday but still closed the week with a 2.16% decline.
• 🇺🇸 The US 10-year fell 2.2% this week.
• 🇺🇸 The US 30-year gave up 1.33% to close with a yield of 4.9%.
• 🇪🇺 The Euro 2-year declined 1.22% for the week.
• 🇪🇺 The Euro 10-year fell 1.78% after nudging a 3-month low intraweek.
• 🇨🇳 The China 10-year inched down by 0.18% and remains stuck near historic low yields.
• 🇨🇳 The China 30-year declined 1.43% to a 1.862% yield, the lowest weekly close since February.

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Other

• The VIX spiked 24.15% for the week after a 15.5% jump on Friday ignited by the escalating conflict between Israel and Iran.