Equities markets showed mixed performance with E-mini futures trading above 7000 and SPX hitting new all-time highs. The NASDAQ and S&P 500 climbed higher while the Dow and Russell 2000 declined, showing sector rotation with Nvidia and chip stocks rallying strongly. Natural gas rebounded 5%, attempting to end its recent sell-off, while oil continued declining amid White House headlines about Venezuelan oil arriving "very soon." Silver dropped 3%, and cryptocurrencies slipped about 1%. In forex markets, the Australian dollar showed volatility following inflation data, while EUR/USD remained below 1.17 consistently for the first time since early December. Market participants await Friday's non-farm payrolls and consumer sentiment data, with both U.S. and Canadian unemployment figures due simultaneously. The panel discussed the Mexican peso's impressive 14% gain against the dollar in 2025 after a 20% decline in 2024, noting how carry trade dynamics, risk sentiment, and policy expectations impact currency movements.

Equities markets showed mixed performance with E-mini futures trading above 7000 and SPX hitting new all-time highs. The NASDAQ and S&P 500 climbed higher while the Dow and Russell 2000 declined, showing sector rotation with Nvidia and chip stocks rallying strongly. Natural gas rebounded 5%, attempting to end its recent sell-off, while oil continued declining amid White House headlines about Venezuelan oil arriving "very soon." Silver dropped 3%, and cryptocurrencies slipped about 1%. In forex markets, the Australian dollar showed volatility following inflation data, while EUR/USD remained below 1.17 consistently for the first time since early December. Market participants await Friday's non-farm payrolls and consumer sentiment data, with both U.S. and Canadian unemployment figures due simultaneously. The panel discussed the Mexican peso's impressive 14% gain against the dollar in 2025 after a 20% decline in 2024, noting how carry trade dynamics, risk sentiment, and policy expectations impact currency movements.