Market Recap • Week 25 2025

Highlights from the week of Jun 16 - 22, 2025

US markets seemed indecisive this week while Europe and China pulled back amidst strength more broadly in Asia.

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Equities

America

• 🇺🇸 S&P 500 started out strong but faded throughout the week to end with a small decline of 0.15%.
• 🇺🇸 Nasdaq Composite eked out a 0.22% gain for the week and remains less than 4% away from its all-time high.
• 🇺🇸 Dow Jones Industrial closed virtually flat this week with a marginal gain of 0.02%.
• 🇺🇸 Russell 2000 outperformed its US peer for once, rising 0.42% for the week.
• 🇨🇦 TSX inched down by 0.03% as it consolidates near its record highs.
• 🇲🇽 IPC fell 2.04% this week and is now down nearly 6% from its intraweek record high just four weeks ago.
• 🇧🇷 Bovespa closed the week with a small 0.07% loss after having been in positive territory until Friday.
• 🇦🇷 Merval fell 2.96% to its lowest weekly close since November last year.

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Europe

• 🇪🇺 STOXX 600 extended last week’s 1.57% decline with a 1.59% drop this week.
• 🇬🇧 FTSE 100 ended the week down 0.86%.
• 🇩🇪 DAX fell 0.7% for the week and is now down 4.7% from its all-time high from just two weeks ago.
• 🇫🇷 CAC 40 fell 1.24% this week.
• 🇩🇰 C25 lagged its peers with a 3.99% decline led by a 7.83% drop in Novo Nordisk.

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Asia

• 🇯🇵 Nikkei 225 gained 1.5% to its highest weekly close since February.
• 🇨🇳 Hang Seng fell 1.52% for the week despite a 1.26% gain on Friday.
• 🇮🇳 Nifty 50 jumped 1.59% for the week to its highest close since the all-time high back in September of last year.
• 🇰🇷 KOSPI rallied another 4.4% this week and is now up more than 32% since the bottom in early April and more than 16% in just the past four weeks alone.
• 🇹🇼 TSEC inched down by 0.12% for the week.

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Currencies & Commodities

• The DXY gained 0.65% this week but remains well under the 100 level at 98.774.
• USD.EUR eked out a 0.24% gain but remains near 3-year lows.
• USD.DKK strengthened by 0.28% to 6.473 DKK.
• USD.GBP jumped 0.92% to 0.744, its highest level since May.
• USD.JPY gained 1.38% to close the week at its highest level since early April.
• USD.CNH bugged the overall dollar trend and inched down by 0.18%.
• Gold fell 1.84% for the week as investors started to look past the increased tensions in the Middle East.
• Silver declined 0.75% for the week.
• Copper outperformed both gold and silver and gained 1.79% this week.
• Bitcoin continues to consolidate near its all-time high, currently down 1.94% for the week at $103,500 as of Saturday morning (CET). It went as high as $109,000 on Monday before pulling back.
• The altcoin market is lagging Bitcoin once again, down 3.5% for the week. Solana (SOL) and Ethereum (ETH) have performed the worst among the majors, down 8% and 4.6% respectively.

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Bond yields

• 🇺🇸 The US 2-year settled down 1.11% this week, now yielding 3.906%.
• 🇺🇸 The US 10-year declined 0.73% to 4.377%.
• 🇺🇸 The US 30-year held up the best, declined just 0.2% to 4.89%.
• 🇪🇺 The Euro 2-year closed unchanged for the week at 1.857%.
• 🇪🇺 The Euro 10-year inched lower by 0.24%.
• 🇨🇳 The China 10-year dropped 2.25% to 1.654% near all-time historical lows.
• 🇨🇳 The China 30-year declined 0.54% to 1.852%, its second-lowest close on record only surpassed by its 1.836% close in February.

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Other

• The VIX declined by 0.96% for the week to 20.62 as tensions in the Middle East seemed to settle down.