Stéphane Olivo @Pinko777: "📊 Market Close – October..."

France

📊 Market Close – October 15, 2025 European markets ended mixed on Wednesday, while Wall Street advanced, buoyed by strong quarterly earnings in banking, luxury, and semiconductors. 🇫🇷 $FRA40 : +1.99% → 8,077 pts (new high since March) 🇩🇪 DAX: –0.11% 🇬🇧 FTSE 100: –0.30% 🇪🇺 EuroStoxx 50: +0.95% | Stoxx 600: +0.57% The luxury sector led gains after LVMH posted better-than-expected quarterly sales, signaling a rebound in Chinese demand. In contrast, the defense sector dragged the DAX lower as Rheinmetall weighed on industrials. In the US, stocks rose as earnings season gained momentum and dovish remarks from Fed Chair Jerome Powell revived hopes of another rate cut this year. 🇺🇸 Dow Jones: +0.09% → 46,312.98 🇺🇸 $SPX500 : +0.49% → 6,676.83 🇺🇸 $NSDQ100 : +0.72% → 22,683.39 🏦 Macro & Data 🇺🇸 Empire State Manufacturing Index: up to 10.7 (vs –8.7), surprising on the upside. 🇪🇺 Eurozone Industrial Production: slightly down MoM, but less than expected. Powell’s comments maintained a dovish tone, suggesting flexibility despite limited data due to the US government shutdown. 💱 Currencies & Bonds 💶 EUR/USD: 1.1640 (+0.29%), supported by optimism in France. 💷 GBP/USD: 1.3397 (+0.62%), after UK finance minister Rachel Reeves confirmed higher taxes in November’s budget. 💵 DXY: –0.30% Yields: 🇫🇷 OAT 10Y: 3.33% (–7.5 bps) — spread with Bund narrows to 77 bps. 🇩🇪 Bund 10Y: 2.55% (–5 bps). 🇺🇸 US 10Y: 4.02% (stable). The easing of French political risk — with a likely stabilization of the Lecornu government — helped sovereign debt rally further. 🛢️ Commodities 🛢️ Brent: $ 62.04 (–0.58%) 🛢️ WTI: $ 58.42 (–0.44%) → IEA’s forecast of potential oversupply in 2026 continues to weigh on oil. 💰 Gold: $ 4,191.69/oz (+1.19%) after a record intraday high of $ 4,217.95. Supported by rate-cut expectations and global uncertainty. 📈 Pinko777 Antifragile Portfolio – Update 12-month performance: Pinko777: +20.05% S&P 500: +14.81% EuroStoxx 50: +13.58% ➡️ Outperformance: +5.2 pts vs SPX | +6.5 pts vs Eurozone Risk & Resilience Metrics (YTD): Beta: 0.29 → low exposure to market swings Sharpe Ratio: 2.7 Sortino Ratio: 10 Calmar Ratio: 10 ✅ The antifragile approach continues to deliver steady alpha with lower risk. ✅ Portfolios that integrate convexity and patience outperform in uncertain cycles. 🌍 Antifragile Strategy – Pinko777 “Antifragility is not about predicting the future — it’s about thriving when it surprises you.” 📊 Follow or copy my portfolio: 👉 www.etoro.com/people/pinko777 #Antifragile #Markets @Pinko777 #Investing #Macro #RiskManagement #BehavioralFinance #Volatility

4 Mentioned

FRA40

SPX500

NSDQ100

Pinko777

Stéphane Olivo

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