{"id":2408,"date":"2025-03-14T11:17:22","date_gmt":"2025-03-14T10:17:22","guid":{"rendered":"https:\/\/talentagestion.es\/informe-mensual-de-mercados-febrero-2025\/"},"modified":"2025-03-19T11:33:14","modified_gmt":"2025-03-19T10:33:14","slug":"informe-mensual-de-mercados-febrero-2025","status":"publish","type":"post","link":"https:\/\/talentagestion.es\/en\/informe-mensual-de-mercados-febrero-2025\/","title":{"rendered":"Monthly Market Report \u2013 February 2025"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">The new tariffs announced by Trump, the election outcome in Germany, and the imminent peace deal in Ukraine have driven market volatility higher in February.<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Donald Trump\u2019s repeated comments about imposing new tariffs were one of the key market drivers in February. Initially, they were seen as a negotiation tool for new trade agreements, allowing markets to overlook their negative economic impact. However, in the second half of the month, this perception shifted, turning tariffs into a negative catalyst for stock markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The list of tariffs announced in February includes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A 25% tariff on steel and aluminum.<\/li>\n\n\n\n<li>The announcement of reciprocal tariffs (the U.S. will match all tariffs currently imposed on its exports).<\/li>\n\n\n\n<li>A 25% tariff on European goods, particularly automobiles.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Another major event this month was the outcome of the German elections and its impact on the country\u2019s debt ceiling. The victory of the center-right CDU party and the decline of the Social Democratic Party (SPD) of Chancellor Scholz were confirmed. However, the most significant factor was the result of the far-right AfD party. The rise of fiscal policies and their effect on Germany\u2019s debt levels will be key factors to monitor in the coming weeks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the macroeconomic front, inflation figures once again saw a slight uptick. U.S. inflation stood at 3.0%, above the expected 2.9%. The European equivalent followed the same trend, reaching +2.5%, above both the previous and forecasted +2.4%, marking the fourth consecutive inflation increase.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In equities, the performance gap between Europe and the U.S. widened significantly. The S&amp;P 500 ended February in negative territory, bringing its 2025 return to +1.24%, while the European Euro Stoxx 50 rose in February, accumulating an +11.59% return for the year. Two key reasons stand out:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Expectations of a peace agreement between Ukraine and Russia. Additionally, value stocks in Europe are outperforming growth stocks in 2025.<\/li>\n\n\n\n<li>The &#8220;Magnificent 7&#8221; were clear detractors of returns, with NVIDIA down (-11.49%) and Tesla (-10%).<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The U.S. fixed-income market performed well in February. The 10-year U.S. Treasury yield hit a low of 4.19%, driven primarily by ongoing comments from the U.S. Treasury regarding deficit and debt control.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In contrast, European bond curves were more volatile, lacking a clear direction. The German 10-year benchmark closed the month with a yield of 2.38%, slightly below its initial level of 2.45%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Finally, the EUR\/USD exchange rate ended February with little overall change despite significant fluctuations. The pair hit a low of 1.015 before rebounding to 1.053. Meanwhile, WTI crude oil posted its second consecutive negative month (-3.64%), closing at $67.22 per barrel.<\/p>\n\n\n\n<div data-wp-interactive=\"core\/file\" class=\"wp-block-file\"><object data-wp-bind--hidden=\"!state.hasPdfPreview\" hidden class=\"wp-block-file__embed\" data=\"https:\/\/talentagestion.es\/wp-content\/uploads\/2025\/03\/Informe-Mensual-de-Mercados-Febrero-2025-3.pdf\" type=\"application\/pdf\" style=\"width:100%;height:600px\" aria-label=\"Embed of Informe-Mensual-de-Mercados-Febrero-2025.\"><\/object><a id=\"wp-block-file--media-bc9ff25a-c597-46eb-a2f2-dad3c01a9bc3\" href=\"https:\/\/talentagestion.es\/wp-content\/uploads\/2025\/03\/Informe-Mensual-de-Mercados-Febrero-2025-3.pdf\">Informe-Mensual-de-Mercados-Febrero-2025<\/a><a href=\"https:\/\/talentagestion.es\/wp-content\/uploads\/2025\/03\/Informe-Mensual-de-Mercados-Febrero-2025-3.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-bc9ff25a-c597-46eb-a2f2-dad3c01a9bc3\">Descarga<\/a><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">Did you find this <strong>Monthly Market Report \u2013 February 2025<\/strong> useful? If you\u2019re interested in staying up to date with economic analysis and market trends, we invite you to explore other recent reports on our blog:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Monthly Market Report \u2013 January 2025<\/strong>:&nbsp;<a href=\"https:\/\/talentagestion.es\/en\/monthly-market-report-january-2025\/\">Lee m\u00e1s aqu\u00ed<\/a><\/li>\n\n\n\n<li><strong>Monthly Market Report \u2013 December 2024<\/strong>:&nbsp;<a href=\"https:\/\/talentagestion.es\/informe-mensual-de-mercados-diciembre-2024\/\">Lee m\u00e1s aqu\u00ed<\/a><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Check out these reports and stay informed about market trends.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Los nuevos aranceles anunciados por Trump, el resultado electoral en Alemania y el inminente acuerdo de paz en Ucrania repercuten en un aumento de volatilidad en febrero.<\/p>\n","protected":false},"author":2,"featured_media":1267,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[37],"tags":[68,74,70,103],"class_list":["post-2408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reports","tag-jordi-jofre-en","tag-nota-de-mercados-en","tag-talenta-gestion-en","tag-trump-aranceles-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/talentagestion.es\/en\/wp-json\/wp\/v2\/posts\/2408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/talentagestion.es\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/talentagestion.es\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/talentagestion.es\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/talentagestion.es\/en\/wp-json\/wp\/v2\/comments?post=2408"}],"version-history":[{"count":2,"href":"https:\/\/talentagestion.es\/en\/wp-json\/wp\/v2\/posts\/2408\/revisions"}],"predecessor-version":[{"id":2475,"href":"https:\/\/talentagestion.es\/en\/wp-json\/wp\/v2\/posts\/2408\/revisions\/2475"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/talentagestion.es\/en\/wp-json\/wp\/v2\/media\/1267"}],"wp:attachment":[{"href":"https:\/\/talentagestion.es\/en\/wp-json\/wp\/v2\/media?parent=2408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/talentagestion.es\/en\/wp-json\/wp\/v2\/categories?post=2408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/talentagestion.es\/en\/wp-json\/wp\/v2\/tags?post=2408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}