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The first trading session of the new week in European markets was positive. Although most local benchmarks were down at the start of trading, the session's end showed a slowdown in earlier movements, with many indices showing moderate gains.
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Investor sentiment in the broader market today was primarily focused on the yields of 10-year US Treasury bonds, which broke the 5% barrier not seen since 2007.
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Wall Street itself is doing well. Movements in the debt market have been somewhat limited, and the nearly 2.5% drop in oil prices may be a factor favoring the purchase of American stocks.
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Currently, the Nasdaq index is up 0.96%, and the S&P500 is up over 0.55%. The German DAX ended today's session 0.02% higher, and the European Euro Stoxx 50 over 0.41% higher.
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The better mood in the stock market was also supported by a weakening dollar, which began to lose noticeably in the second half of the day. The euro remains strong ahead of the ECB's decision on Thursday. EURUSD is up even 0.80%.
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Chevron announced that it has entered into a definitive agreement with Hess Corporation to purchase all of the company's outstanding shares in an all-stock transaction valued at $53 billion. This values Hess shares at $171 per share based on Chevron's last closing price.
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The cryptocurrency market continues its strong growth driven by investors' increasing hopes for the acceptance of ETF applications by the SEC. Bitcoin is up 4.0% and is trading in the key resistance area of $31,000. Chainlink is also making significant gains.
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Morning Wrap (23.10.2025)