Key Takeaway:
Global markets closed with a defensive tilt: European equities outperformed, US indices fell on tech weakness, the US dollar hit new highs, and crypto endured another sharp selloff. Defensive sectors led gains, while tomorrow’s packed economic calendar and central bank decisions set the stage for heightened volatility.
1. Executive Summary: Key Market Themes
- Defensive Rotation: Investors favored healthcare, utilities, and consumer staples as macro uncertainty persisted.
- US Tech Under Pressure: S&P 500 and Nasdaq fell, but after-hours futures hint at a tentative rebound.
- Dollar Strength: USD at 5-month highs on robust US data and fading Fed rate cut hopes.
- Crypto Correction: Bitcoin and Ethereum dropped sharply amid ETF outflows and mass liquidations.
- Commodities Mixed: Gold held near $4,000/oz, oil stable on OPEC+ discipline, agri and metals diverged.
- Tomorrow’s Focus: BoE and ECB rate decisions, US ISM Services PMI, and major earnings will drive direction.
2. Global Equity Markets: Closing Snapshot & After-Hours
| Region | Index | Closing Price | % Change | After-Hours/Futures | % Change (Futures) |
|---|---|---|---|---|---|
| UK | FTSE 100 | 9,721.80 | +0.07% | 9,732.00 | +0.06% |
| Germany | DAX | 24,132.41 | +0.73% | 24,174.00 | +0.42% |
| France | CAC 40 | 8,109.79 | +0.14% | 8,109.00 | 0.00% |
| Eurozone | Euro Stoxx 50 | 5,679.25 | +0.30% | 5,688.00 | +0.78% |
| Spain | IBEX 35 | 15,990.10 | +0.63% | — | — |
| Italy | FTSE MIB | 42,990.00 | +0.50% | — | — |
| US | S&P 500 | 6,771.55 | -1.17% | 6,821.50 | +0.29% |
| US | Dow Jones | 47,106.23 | -0.53% | 47,443.00 | +0.49% |
| US | Nasdaq Comp. | 23,827.49 | -0.80% | 25,702.25 | +0.50% |
| Japan | Nikkei 225 | 50,212.27 | -2.50% | — | — |
| HK | Hang Seng | 25,871.47 | -0.31% | — | — |
| China | Shanghai Comp. | 3,969.25 | +0.23% | — | — |
| Australia | ASX 200 | 8,807.10 | -0.28% | — | — |
| Korea | KOSPI | 3,210.01 | -0.55% | — | — |
| India | Sensex | 85,290.06 | 0.00% | — | — |
Visual:
Figure: Global Equity Indices – Daily Performance
3. Foreign Exchange & Cryptocurrency Markets
💱 Major FX Pairs
| Pair | Rate | % Change | Key Driver |
|---|---|---|---|
| EUR/USD | 1.1485 | +0.05% | ECB dovish, weak data |
| GBP/USD | 1.3021 | -0.87% | UK fiscal/political risk |
| USD/JPY | 153.67 | +0.32% | BoJ dovish, risk-off |
| AUD/USD | 0.6489 | -0.78% | RBA hold, AUD weak |
| USD/CHF | 0.8000 | +0.20% | USD strength |
| USD/CAD | 1.4000 | +0.10% | Oil price pressure |
₿ Crypto Market
| Crypto | Price | 24h % Chg | Market Cap (Tn) | 24h Volume (Bn) | Key Theme |
|---|---|---|---|---|---|
| Bitcoin | $102,205 | -2.52% | $2.04 | $87.08 | ETF outflows, liquidations |
| Ethereum | $3,340 | -4.98% | $0.40 | $56.06 | Underperforming |
| Solana | $158.23 | -0.43% | $0.09 | — | DEX leader |
| XRP | $2.26 | -1.13% | $0.13 | — | Technical weak |
| BNB | $949.36 | -0.46% | $0.13 | — | Exchange flows |
| Total Cap | -2.22% | $3.45 |
Visual:
Figure: Major FX and Crypto – Daily Moves
4. Commodities Overview
| Commodity | Price | % Change | Key Driver |
|---|---|---|---|
| Gold (Spot) | $3,966/oz | +0.39% | Safe-haven demand, central banks |
| Silver (Spot) | $47.78/oz | +0.47% | Industrial demand, USD strength |
| Platinum (Spot) | $1,568/oz | — | Auto demand, supply constraints |
| WTI Crude Oil | $60.99/bbl | +0.50% | OPEC+ discipline, geopolitics |
| Brent Crude Oil | $64.48/bbl | +0.40% | OPEC+, global demand |
| Natural Gas | $4.234/MMBtu | -2.51% | Mild weather, EU storage |
| Wheat (Dec 25) | $5.50/bu | +1.41% | Black Sea supply, weather |
| Corn (Dec 25) | $4.30/bu | -0.75% | Ample supply, weak exports |
| Soybeans (Nov 25) | $11.06/bu | -0.81% | Record production, China demand |
| Copper (Spot) | $4.91/lb | +0.48% | Supply disruptions, tariffs |
| Aluminum (LME) | $2,853/mt | -1.77% | Inventory, China policy |
5. Major Market Drivers & News
- US Data: ADP jobs +42K (vs. 25K expected), ISM Services PMI 52.4 (vs. 50.0 prior) – supporting USD, reducing Fed cut odds.
- Fed & Central Banks: Powell signals data-dependence, no guarantee of further cuts; ECB and BoE expected to hold rates tomorrow.
- Europe: Eurozone services PMI improved, but retail sales flat; ECB remains cautious.
- UK: Sterling pressured by fiscal/tax uncertainty and soft services PMI.
- Asia: Nikkei -2.5% on tech selloff; China’s PMI slips, property sector weak.
- Crypto: $2B in liquidations, ETF outflows accelerate, Bitcoin briefly below $100K.
- Commodities: Oil stable on OPEC+ discipline; gold consolidates near $4,000/oz.
6. Sector Performance Analysis
| Sector | Performance | Key Driver |
|---|---|---|
| Technology | Mixed Recovery | AI optimism vs. valuation fears |
| Healthcare | Defensive Outperf. | Safe-haven flows, strong earnings |
| Utilities | Defensive Strength | Yield attraction |
| Energy | Commodity Support | Oil price stability |
| Financials | Stable | Labor market data |
| Consumer Discretionary | Weakness | Soft consumer demand |
| Materials | Mixed | China uncertainty |
| Industrials | Cautious | Global growth concerns |
Top Gainers: Seagate Technology, Targa Resources, Amgen, McDonald’s
Top Losers: Zimmer Biomet, Trex, Pinterest
7. Tomorrow’s Key Events (November 6, 2025)
| Time (UTC) | Event/Release | Consensus/Focus | Expected Impact |
|---|---|---|---|
| 07:00 | German Factory Orders (Sep) | +1.0% MoM | High (EUR, DAX) |
| 08:45 | Eurozone HCOB Services PMI (Oct) | 51.1 (final) | High (EUR, equities) |
| 09:00 | Eurozone Retail Sales (Sep) | +0.1% MoM | Medium (EUR, retail) |
| 12:00 | Bank of England Rate Decision | Hold at 4.00% | Very High (GBP, FTSE 100) |
| 12:15 | ECB Guindos Speech | — | Medium (EUR, rates) |
| 13:15 | US ADP Employment Change (Oct) | +25,000 | High (USD, equities) |
| 14:45 | US S&P Global Services PMI (Oct) | 55.2 | Medium (S&P 500, USD) |
| 15:00 | US ISM Services PMI (Oct) | 50.8 | Very High (USD, equities) |
| 15:30 | US EIA Crude Oil Inventories | -1.025M barrels | High (oil, energy) |
| All Day | OPEC+ Meeting | Output policy | High (oil, energy stocks) |
| All Day | Major US & EU Earnings | Tech, consumer focus | Sector rotation, volatility |
8. Market Outlook & Actionable Insights
Key Insights:
- Defensive sectors and value stocks remain in favor as macro uncertainty persists.
- Crypto and commodities are volatile; Bitcoin and oil in focus.
- After-hours and futures data point to a cautious but potentially positive start tomorrow.
- BoE, ECB, and US ISM Services PMI are likely to trigger sharp moves—stay alert for volatility and sector rotation.
9. Social Media Summary (For Cross-Promotion)
🚨 Evening Markets: European resilience (+0.4% avg) vs US tech weakness (-0.8%)
💰 USD at 5-month highs on strong data, crypto down $2B liquidations
📊 Tomorrow: BoE/ECB decisions + US ISM Services could drive volatility
El Mundo del Trading en los Mercados Financieros 