Morning View
In the United States, a vote will be held today to end the partial shutdown of the federal government
International
Today, the House of Representatives will vote on a bill already approved by the Senate that would extend funding to the federal government, ending the 43-day partial shutdown. If approved, only President Trump's signature will be needed for the law to take effect. The bill includes retroactive pay for federal employees but excludes the extension of subsidies for Obamacare health plans, a demand of the Democratic bloc. Despite this, the bill is expected to be approved given the urgency of transportation and food aid disruptions.
The major U.S. stock indexes closed with mixed results yesterday. The S&P 500 advanced +0.2%, while the Nasdaq fell -0.3% and the Dow Jones advanced +1.2%. So far in 2025, the indices have accumulated gains of +16.4%, +21.5%, and +12.7%, respectively. The bond market was closed for Veterans Day.
Finally, commodities also closed with mixed results. Gold rose +0.3% and closed at USD 4,127 per ounce, while WTI oil closed at USD 61 per barrel and Brent at USD 65.1 per barrel, with gains of +1.4% and +1.6%, respectively. Finally, soybeans fell -0.3% and closed at USD 408.7 per ton.
Sources: PUENTE Hnos, Bloomberg
In the United States, stock indices advance at the start of the week
International
The main US stock indices saw widespread gains on Monday. The S&P 500 recovered +1.5%, returning to levels close to its all-time high, while the Nasdaq advanced +2.3% and the Dow Jones +0.8%. So far in 2025, the indices have accumulated gains of +16.2%, +21.8%, and +11.3%, respectively.
The US Treasury bond yield curve widened in the first trading session of the week. The 1-year bond closed with a yield of 3.66%, up from 3.62% previously, while the 3-year bond closed at 3.60%, also up from 3.57% on Friday, and the 10-year bond yield rose to 4.12% from 4.10% previously.
Finally, commodities also saw widespread gains. Gold rose +2.9% and closed at USD 4,115 per ounce. Oil rose slightly, with WTI closing at +0.6% and Brent at +0.5%, at USD 60.1 and USD 64.0 per barrel, respectively. Finally, soybeans rose +1.3% to USD 410 per ton.
Sources: PUENTE Hnos, Bloomberg
