| IBOVESPA 0,63% (169.540,00) | DOLAR 0,05% (5,19) | S&P 500 -1,60% (725,43) | Dow 30 -0,85% (503,86) | Nasdaq -0,14% (87,00) | Bitcoin 0,50% (61.760,00) | Ethereum 0,61% (1.630,00) | Cboe 3,48% (301,08) | Russell 2000 0,48% (284,73) | FTSE 100 0,00% (193,92) | DAX PERFORMANCE-INDEX -1,73% (43,92) | CAC 40 1,08% (51,80) | Nikkei 225 -3,66% (1,64) | SSE Composite Index 0,00% (1,30) | Shenzhen Component -2,40% (1,67) | KOSPI Composite Index 5,00% (2.600,00) | TA-125 -1,51% (11.240,00) |
The S&P 500 extended its winning streak, rising 5.3% for the week, while the Dow Jones gained 3.4% and the Nasdaq advanced 7.2%, driven by a temporary truce on tariffs between the U.S. and China and positive corporate earnings.
Moody’s removed the U.S. Treasury bonds’ AAA rating, citing rising public debt and the lack of effective measures to control the fiscal deficit, causing concern in global markets.
Despite an initial drop, the Dow Jones closed up 0.3%, the S&P 500 rose 0.09%, and the Nasdaq edged up 0.02%, while investors sold Treasuries, pushing 10- and 30-year yields higher.
Amid a tariff truce between the U.S. and China and softer inflation data, the S&P 500 rose 0.1% and the Nasdaq 0.7%, led by tech firms such as Nvidia, AMD, and Alphabet.
The U.S. market is trading at an 8% discount to fair value, with recommendations to overweight value stocks and sectors such as energy, which are becoming more attractive.
With 72% of S&P 500 companies reporting results, earnings per share grew 12.8%, and the market ignored the Q1 GDP decline, focusing on rising consumer spending and investments.
The S&P 500 gained 0.4%, the Nasdaq slipped 0.2%, and 10-year Treasury yields fell after five consecutive days of gains, reflecting adjustments in the bond market.
JPMorgan Chase, Bank of America, and Wells Fargo had their long-term ratings downgraded by Moody’s, reflecting concerns over rising U.S. debt and impacts on the financial sector.
Following the downgrade news, U.S. stock futures fell while Treasury yields rose, adding to market volatility.
Amid global concerns, the U.K. followed a dovish monetary policy path, cutting interest rates by half a percentage point, reflecting the broader international economic landscape.
According to a Crypto.com report, the total number of cryptocurrency owners worldwide reached 700 million in April 2025, with a compound annual growth rate of 163% over the last five years, reflecting massive global crypto adoption.
The 2025 strategic report highlights that regulatory, institutional, and cyclical factors should drive a rally to new records, with the MiCA regulation in the EU and the U.S. government's pro-crypto stance standing out.
Bitcoin remains the leading crypto asset, trading between $103,000 and $105,000, supported by growing liquidity from bitcoin ETFs and institutional adoption.
Spot bitcoin ETFs had a net inflow of $608 million last week, maintaining five consecutive weeks of inflows. Ether ETFs also saw net inflows, reflecting growing institutional interest.
XRP futures began trading on the CME, and speculative bets on XRP and Dogecoin increased, with analysts pointing to a potential short-term rally.
The VeChainThor network announced that its Galactica upgrade — including improvements to the dynamic fee market and support for typed transactions — is scheduled for July 1st, potentially positively impacting the VET token.
Despite the downgrade of U.S. credit by Moody’s, the crypto market remained firm, with Bitcoin and Ethereum posting weekly gains as investors focused on growing adoption and ETFs.
Fintechs are expanding offerings involving stablecoins and trading services, further integrating crypto into the traditional financial system, as part of the sector’s institutionalization trend.
The EU’s MiCA regulation sets a global standard for the sector, bringing greater regulatory clarity and legal certainty, which has positively impacted growth and investor confidence.
The crypto market follows its typical cycle, with peaks occurring 12 to 18 months after Bitcoin’s halving, suggesting that the end of 2025 could mark a new significant high.
