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

France

📊 European Market Close – October 14, 2025 European markets ended lower on Tuesday, except in London, as renewed US–China trade tensions weighed on sentiment. In France, the announcement by Prime Minister Sébastien Lecornu to suspend the 2023 pension reform temporarily helped limit losses on the CAC 40 in late trading. 🇫🇷 $FRA40 : –0.18% → 7,919.62 pts 🇩🇪 DAX: –0.64% 🇬🇧 FTSE 100: +0.10% 🇪🇺 EuroStoxx 50: –0.30% | Stoxx 600: –0.39% The atmosphere was dominated by trade fears, after Washington and Beijing imposed reciprocal port fees on maritime freight companies — a new front in an already tense trade dispute. Both sides appear to be positioning themselves ahead of a possible Trump–Xi meeting at the APEC Summit in South Korea at the end of the month. Meanwhile, the IMF revised up its 2025 global growth forecast to 3.2% (vs 3.0%), citing resilient trade and improved financing conditions — but warned that a new tariff war could sharply slow production. In France, political stability remains under scrutiny: Lecornu’s compromise — pausing the pension reform until after the 2027 presidential election — secured temporary support from Socialist deputies, easing immediate censure risks and helping French bonds rally. Macro & Market Context: 🇩🇪 German inflation (HICP): +2.4% YoY (September) 🇩🇪 ZEW Investor Sentiment: improving but below forecasts 🇬🇧 UK wage growth: slowed to +4.7% YoY, reinforcing rate-cut expectations At the same time, US markets traded mixed as investors digested bank earnings and the IMF’s new growth outlook: 🇺🇸 Dow Jones: –0.07% 🇺🇸 $SPX500 : flat 🇺🇸 $NSDQ100 : –0.42% Bonds & FX: 💶 EUR/USD: 1.1601 (+0.29%), supported by France’s political easing 💵 DXY: –0.18% 🇩🇪 Bund 10Y: 2.61% (–2.4 bps) 🇫🇷 OAT 10Y: 3.40% (–6 bps) → spread FR–DE narrowed to 79.6 bps 🇬🇧 Gilt 10Y: 4.59% (–7 bps) 🇺🇸 UST 10Y: 4.05% (–0.6 bps) Commodities: 🛢️ Brent: $ 62.08 (–1.96%) 🛢️ WTI: $ 58.44 (–1.77%) → Oil under pressure after the IEA signaled faster supply growth and a potential surplus in 2026. 💰 Gold: $ 4,179.48/oz (record) – supported by lower rate expectations and rising trade tensions. 📈 Pinko777 Antifragile Portfolio – Update 12-month performance: Pinko777: +19.41% EuroStoxx 50: +11.02% Risk & Resilience Metrics (YTD): Beta: 0.30 → one-third of market volatility Sharpe Ratio: 2.7 Sortino Ratio: 10 Calmar Ratio: 10 ✅ Consistent alpha through discipline, risk control, and antifragile positioning. ✅ Outperformance preserved despite global volatility and political uncertainty. 🌍 Antifragile Investing – Pinko777 Stability is not about avoiding shocks — it’s about profiting from them. 📊 Follow or copy my portfolio: 👉 www.etoro.com/people/pinko777 #Antifragile #Markets @Pinko777 #Investing #Macro #RiskManagement #Volatility #BehavioralFinance

4 Mentioned

FRA40

SPX500

NSDQ100

Pinko777

Stéphane Olivo

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