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Investment Daily: US stocks ended mixed as Treasuries rose

13 November 2025

Key takeaways

  • US stocks were mixed; Treasury yields fell.
  • European stocks and government bonds rose.
  • Asian stocks traded mostly higher.

Markets

US stocks ended mixed on Wednesday ahead of the House vote to end the government shutdown. The S&P 500 was up 0.1% but the tech-heavy Nasdaq fell 0.3%.

US Treasuries rose. 10-year yields fell 5bp to 4.07%.

European stocks rose on Wednesday amid optimism over a potential end to the US government shutdown. The Euro Stoxx 50 climbed 1.1%. The German DAX rose 1.2% and the French CAC gained 1.0%. In the UK, the FTSE 100 was up 0.1%.

European government bonds rose. 10-year German yields fell 2bp to 2.64%, while 10-year French yields fell 4bp to 3.38%. 10-year UK gilt yields edged up 1bp to 4.40%.

Asian stock markets mostly rose on Wednesday, with the US government shutdown appearing to be coming to an end. Japan’s Nikkei 225 gained 0.4%, while Korea’s Kospi rallied 1.1% on hopes for more policy support. Hong Kong’ Hang Seng climbed 0.8%, while China’s Shanghai Composite edged down 0.1%. Elsewhere, India’s Sensex advanced 0.7% amid ongoing optimism over a potential US-India trade deal.   

Crude oil prices dropped on Wednesday. WTI crude for December delivery settled 4.2% lower at USD58.5 a barrel.

Key Data Releases and Events

Releases yesterday

In India, CPI inflation fell to 0.3% yoy in October from 1.4% yoy in September, on lower food prices and GST rates.

Releases due today (13 November 2025)

In the UK, the preliminary GDP reading for Q3 likely nudged lower to 0.2% qoq from 0.3% qoq in Q2.

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