Overview
- The S&P 500 and Nasdaq reached fresh intraday and closing records on Tuesday driven by large gains in AI-linked names such as Nvidia and Broadcom.
- Oil prices fell after reports of higher Middle East exports and the G7’s release of strategic reserves, which eased one major source of investor risk aversion.
- U.S. Treasury yields eased slightly from multi‑year highs, reducing near‑term expectations for further Fed rate hikes and supporting higher valuations for growth stocks.
- Mexico’s IPC topped 65,000 with Volaris shares rising after better traffic numbers, and Spain’s Ibex opened higher as industrial production showed modest yearly growth.
- Argentina’s country risk benchmark fell and sovereign bonds rose as external commentary and improving bond demand lowered perceived sovereign risk, but markets remain sensitive to bond yields and geopolitical developments.