Weekly Update 02 May 2025

Cryptos rose; other asset classes were mixed, with the largest changes in commodities. The week's biggest loser was crude oil, down 6.7%, followed by copper, off 3.5%. The largest gains were in cotton, up 5.9%, followed by the Dow Jones Industrials, up 3.9%. The US Dollar finished up 0.8%, and Bitcoin gained 3.1%.

The Japanese Yen, which fell 0.9%, was once again the weakest national currency, followed by the US Dollar, which rose 0.8%. The strongest currency was the Euro, which rose 1.0%. Long dated US Treasury bonds fell 0.5%, and short term notes rose 0.5%.

Most equity indexes were in the green, with the exception of gold stocks, which dropped another 2.4%. The Dow Industrials, up 3.9%, led the way higher, followed by the S&P 500, up 3.8%, and the Euro SSTOXX50, up 2.6%.

Commodities were mostly lower, although cotton made the largest gains of any asset in the table, rising 5.9%. Platinum and palladium also moved higher, adding 1.0% and 2.0% respectively. Copper fell 3.5% and silver finished the week down 2.1%.


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