Market Recap • Week 32 2025

Highlights from the week of Aug 4 - 10, 2025

Investors look past growth scares and trade tensions to send equities to new record highs.

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Equities

America

• 🇺🇸 S&P 500 rose 2.43% and recovered all of last week’s losses, almost closing at a new record high.
• 🇺🇸 Nasdaq Composite surged 3.87% to 21,450, its highest ever weekly close. The index is now up more than 11% for the year.
• 🇺🇸 Dow Jones Industrial gained 1.35% but has yet to break out to new all-time highs this year.
• 🇺🇸 Russell 2000 rose 2.38% but didn’t quite recover from last week’s big drop.
• 🇨🇦 TSX continued its wild uptrend with a 2.73% jump and its 9th weekly all-time high since early May.
• 🇲🇽 IPC gained 2.06% and is once again approaching its all-time high levels.
• 🇧🇷 Bovespa rallied 2.62% for the week.
• 🇦🇷 Merval closed with a 0.97% gain but had been up as much as 7% earlier in the week.

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Europe

• 🇪🇺 STOXX 600 gained 2.11% to recover most of last week’s losses.
• 🇬🇧 FTSE 100 eked out a 0.3% gain for the week.
• 🇩🇪 DAX rallied 3.15% for the week and now sits just below its all-time high.
• 🇫🇷 CAC 40 gained 2.61% for the week but is still stuck within a sideways trading range.
• 🇩🇰 C25 recovered some of last week’s 8.6% drop with a 2.1% gain this week.

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Asia

• 🇯🇵 Nikkei 225 rallied 2.5% to a new all-time high weekly close.
• 🇨🇳 Hang Seng rose 1.43% for the week.
• 🇮🇳 Nifty 50 fell 0.82% and extended its losing streak to six straight weeks.
• 🇰🇷 KOSPI jumped 2.9% to a 4-year weekly closing record.
• 🇹🇼 TSEC gained 2.5% and surpassed its previous all-time high from July of last year.

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Currencies & Commodities

• 💰 The DXY weakened by 0.43% and closed the week at 98.265.
• 🇪🇺 USD.EUR declined 0.43% to 0.859 EUR.
• 🇩🇰 USD.DKK closed the week at 6.41 DKK.
• 🇬🇧 USD.GBP dropped 1.31% and erased all of last week’s gains.
• 🇯🇵 USD.JPY eked out a 0.22% gain this week, closing at 147.703 JPY.
• 🇨🇳 USD.CNH inched lower by 0.06% this week.
• 🥇 Gold gained 1.07% for the week to $3,398 per ounce, its second-highest weekly close on record.
• 🥈 Silver rallied 3.51% and closed the week at $38.317 per ounce.
• 🥉 Copper rose 1.04% for the week.
• 🏆 Bitcoin is up around 2% as of Saturday morning (CET), currently trading around $16,500.
• The altcoin market has been on fire this week, up 11.5% on the back of a 19% rally in Ethereum (ETH). ETH touched $4,200 on Saturday, its highest level since 2021. Ripple (XRP) and Solana (SOL) are up 12% and 11% respectively.

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Bond yields

• 🇺🇸 The US 2-year yield rose 2.23% to 3.762%, recovering some of last week’s losses.
• 🇺🇸 The US 10-year yield gained 1.64% to 4.285%.
• 🇺🇸 The US 30-year yield eked out a 0.62% gain and closed the week at 4.851%.
• 🇪🇺 The Euro 2-year yield jumped 3.75% to 1.962%, its highest level since March.
• 🇪🇺 The Euro 10-year yield rose 1.01% for the week.
• 🇨🇳 The China 10-year yield rallied early in the week but closed 0.58% lower at 1.7%.
• 🇨🇳 The China 30-year yield eked out a 0.31% gain for the week.

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Other

• The VIX plummeted 25.66% to 15.15 as last week’s growth scare and trade concerns seemed to dissipate.