15 January 2026
US stocks fell on Wednesday, led by losses in technology and consumer discretionary sectors and several bank shares as investors weighed corporate earnings. The S&P 500 ended 0.5% lower.
US Treasuries rose amid stock market weakness. 10-year yields dropped 5bp to 4.13%.
European stocks were mixed on Wednesday amid geopolitical concerns. The Euro Stoxx 50 closed 0.4% lower. The German DAX was down 0.5% and the French CAC dipped 0.2%. In the UK FTSE 100 gained 0.5%.
European government bonds rose. 10-year German bund yields fell 4bp to 2.81%, while 10-year French bond yields fell 3bp to 3.49%. In the UK, 10-year gilt yields dropped 6bp to 4.34%.
Asian stock markets traded mixed on Wednesday, as investors awaited the US Supreme Court’s ruling on tariffs. Japan’s Nikkei 225 advanced 1.5% amid a weaker yen and growing expectations of a snap election, while Korea’s Kospi closed 0.6% higher. Elsewhere, Hong Kong’s Hang Seng rose 0.6%, whereas China’s Shanghai Composite shed 0.3% after authorities tightened rules on margin financing. India’s Sensex lost 0.3%.
Crude oil prices rose on Wednesday. WTI for February delivery settled 1.4% higher at USD62.0 a barrel.
In the US, retail sales increased by 0.6% mom in November after a downwardly revised 0.1% mom fall in October, above market expectations. Final demand PPI rose 0.2% mom in November, after a 0.1% mom rise in October.
The Bank of Korea is expected to keep its policy rate at 2.50%, monitoring financial stability risks related to the housing market and FX volatility concerns.
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