Market Recap • Week 1 2025

Happy New Year, everyone! We completed another year and kicked off 2025 this week. NYE also meant that most markets were closed for part of the week and we didn’t get a tonne of market-moving news. And yet, markets moved. Let's take a look

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Market recap

Equities

• 🇺🇸 S&P 500 headed lower early in the week but recovered most of the losses with a strong rally on Friday, finishing the week down just 0.48%. The Nasdaq Composite showed similar action and ended 0.51% lower.
• 🇪🇺 STOXX 600 inched up by 0.2% for the week.
• 🇬🇧 FTSE 100 outperformed most of its peers with a 0.91% gain this week.
• 🇩🇪 DAX traded in a narrow range and closed the week 0.39% lower than where it started.
• 🇮🇳 Nifty 50 gained 0.8% as the Indian market attempts to resume its uptrend.
• 🇯🇵 Nikkei 225 was closed the entire week except Monday where it fell 0.96%.
• 🇨🇳 Hang Seng declined 1.64% and almost erased last week’s gain. The CSI 300 index plummeted 5.17% for its worst week in over two years.

Currencies & Commodities

• The dollar index (DXY) gained another 0.85% to 108.922, its highest level in over two years.
• The USD.GBP pair was one of the main contributors to the dollar’s strength, rising 1.28% for the week.
• The USD.EUR pair wasn’t far behind with a 1.11% gain for the week.
• And for my fellow Danes, 1 USD now costs 7.234 DKK.
• The dollar did decline a bit against the Japanese yen though, weakening 0.34% this week.
• The US dollar strengthened 0.81% against the Chinese yuan this week and is now just a fraction away from reaching a new 17-year high(!).
• Gold rose 0.65% for the week and continues to consolidate near record levels.
• The crypto market has gained 6.5% for the week as of Saturday morning (CET). Ripple (XRP) and Solana (SOL) are once again leading the way among the majors, up 16.3% and 13.6% respectively. Ethereum (ETH) has gained 7% while Bitcoin (BTC) is lagging with a 4.7% gain.

Other

• The VIX spiked early in the week but settled down and closed just 1.13% higher for the week.
• The 10-year US treasury yield took a break from its strong 3-week run, declining 0.58% to just over 4.6%. The 2-year followed with a 1.02% decline.

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