Market Recap • Week 9 2025

Highlights from the week of Feb 24 - Mar 2, 2025

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Equities

America

• 🇺🇸 S&P 500 ended the week 0.97% lower after a strong rebound on Friday. Macroeconomic fears and geopolitical tensions continued from last week but seemed to ease ahead of the weekend.
• 🇺🇸 Nasdaq Composite also recovered some of its losses on Friday but still fell 3.47% for the week, its worst performance since September. At the bottom on Friday, the index was down 9% from the December peak.
• 🇺🇸 Dow Jones Industrial benefited from a flight to safety, gaining 0.95% for the week.
• 🇺🇸 Russell 2000 declined 1.47% to its lowest close since September.
• 🇨🇦 TSX rose 0.98% for the week.
• 🇲🇽 IPC dropped 2.63% for the week after a very strong start to 2025.
• 🇧🇷 Bovespa plummeted 3.41% for its worst week in more than two years.
• 🇦🇷 Merval dropped 6.71% for the week and is now down 23% from the peak in early January.

Europe

• 🇪🇺 STOXX 600 rose 0.6% for its 10th straight week of gains and yet another record high.
• 🇬🇧 FTSE 100 rose 1.74% to a new weekly record close above 8,800.
• 🇩🇪 DAX gained 1.18% for the week to a new record high on the back of the German election.
• 🇫🇷 CAC 40 declined 0.53% but is still up almost 10% for the year so far.
• 🇩🇰 C25 rose 1.23% after having been up as much as 2.6% earlier in the week.

Asia

• 🇯🇵 Nikkei 225 plummeted 4.18% to its lowest weekly close since September.
• 🇨🇳 Hang Seng touched a new 3-year high on Thursday but ended the week down by 2.29% after a big Tariff-fueled drop on Friday.
• 🇨🇳 CSI 300 fell 2.22% for the week.
• 🇮🇳 Nifty 50 declined 2.94% to its lowest weekly close since May last year, now down 15.8% from the September peak.
• 🇰🇷 KOSPI dropped 4.59% and erased the past two weeks’ strong gains.
• 🇹🇼 TSEC fell 2.85% for the week and remains stuck in a 5-month consolidation pattern.

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Currencies & Commodities

• The DXY strengthened 0.87% for the week to close at 107.564.
• USD.EUR gained 0.84% to 0.964.
• USD.DKK is back up to 7.187.
• USD.GBP rose 0.41% to 0.795.
• USD.JPY gained 0.93% to reclaim the 150 level.
• USD.CNH strengthened 0.59% to 7.293.
• Gold gave up 2.66% for the week, ending its 5-week streak of record highs.
• Silver plummeted 4.03% and gave up three weeks worth of gains.
• Bitcoin has had a rough week, down almost 12% as of Saturday morning (CET). It went as low as $78,200 on Friday, down 28% from the $109,000 peak, before rebounding to $85,000 where it’s currently trading.
• The altcoin market is down 12.6% for the week with Ethereum leading to the downside with a 21% loss. Both Ripple and Solana are down 15 - 16%.

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Bond yields

• 🇺🇸 The US 2-year plummeted 5.04% for the week, now below 4% for the first time since October. The drop seems to have been spurred on by fears of an economic slowdown in the US.
• 🇺🇸 The US 10-year fell 5.15% to 4.2%.
• 🇪🇺 The Euro 2-year dropped 3.29% for the week to exactly 2.00%, its lowest level since December.
• 🇪🇺 The Euro 10-year fell 2.69% to 2.386%.
• 🇨🇳 The China 10-year rose 2.07% to a yield of 1.776%.
• 🇨🇳 The China 30-year rose 2.12% for the week to 1.924% after briefly topping 2% intraweek.