Market Recap • Week 13 2025

Highlights from the week of Mar 24 - 30, 2025

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Equities

America

• 🇺🇸 S&P 500 declined 1.53% after a 3.5% intraweek reversal. This marked the lowest weekly close since September last year.
• 🇺🇸 Nasdaq Composite lost 2.59% after a 2.7% drop on Friday, closing more than 5% off of the Tuesday peak.
• 🇺🇸 Dow Jones Industrial fell 0.96% for the week.
• 🇺🇸 Russell 2000 dropped 1.64% for the week to a new 8-month low.
• 🇨🇦 TSX declined 0.84% for the week.
• 🇲🇽 IPC outperformed its American peers with a 0.95% weekly gain.
• 🇧🇷 Bovespa inched down by 0.33% for the week.
• 🇦🇷 Merval fell 2.26% to break its 3-week win streak.

Europe

• 🇪🇺 STOXX 600 fell 1.38% for the week, now down 4% from the peak earlier this month.
• 🇬🇧 FTSE 100 eked out a 0.14% gain for the week.
• 🇩🇪 DAX dropped 1.88% for the week.
• 🇫🇷 CAC 40 fell 1.58% to its lowest weekly close since January.
• 🇩🇰 C25 dropped 2.7% to its lowest weekly close since November 2023.

Asia

• 🇯🇵 Nikkei 225 declined 1.48% for the week.
• 🇨🇳 Hang Seng lost 1.11% but is still up almost 17% for the year so far.
• 🇨🇳 CSI 300 stayed flat for the week.
• 🇮🇳 Nifty 50 managed a 0.72% gain for the week.
• 🇰🇷 KOSPI dropped 3.22% for the week but is still up 6.6% in 2025.
• 🇹🇼 TSEC lost 2.73% and made its lowest close since September.

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Currencies & Commodities

• The DXY inched down by 0.13% but remained right above 104.
• USD.EUR weakened by 0.21% for the week.
• USD.DKK declined 0.14% to 6.888 kr. per USD.
• USD.GBP inched 0.1% lower to 0.774.
• USD.JPY strengthened by 0.35%.
• USD.CNH eked out a 0.12% gain for the week.
• Gold rallied 2.04% to yet another all-time high of $3,084 per ounce. This was the 12th winning week in 13.
• Silver rallied 3.31% to its highest weekly close since 2012.
• Copper eked out a 0.17% gain for a new record high but closed well off of its intraweek peak.
• Bitcoin is down 2.8% for the week to $83,700 as of Saturday morning (CET).
• The altcoin market is once again lagging Bitcoin, down 4.3% for the week. Ripple (XRP) is leading the way to the downside among the majors with a 12.8% loss while Solana (SOL) has only lost 4.6%.

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Bond yields

• 🇺🇸 The US 2-year declined 1.06% for the week to close at 3.912%, its lowest level since September.
• 🇺🇸 The US 10-year closed unchanged for the week at 4.25% after a 2.52% drop on Friday.
• 🇪🇺 The Euro 2-year dropped 4.97% for the week and has now given back the majority of its 16% jump in early March.
• 🇪🇺 The Euro 10-year declined 1.09% to 2.728%.
• 🇨🇳 The China 10-year fell 1.57% and is back at 1.886% after briefly touching 2% last week.
• 🇨🇳 The China 30-year declined 1.45% to 2.04%.