Key Points:

1. U.S. equities rallied on September 11, with the Dow gaining 1.36% and the Russell 2000 surging 1.83%.
2. European benchmarks closed higher, led by the CAC 40 and FTSE 100, both up 0.8%.
3. Tel Aviv markets lagged, with the TA-35 dropping 1.01% as trading volumes remained heavy.

Global markets on Thursday, September 11, 2025, delivered a mixed picture as U.S. and European indices advanced strongly while Israeli equities retreated under pressure. Investor sentiment improved in the United States, buoyed by stronger small-cap performance and easing volatility, while Europe tracked global optimism. In contrast, Tel Aviv closed in negative territory, signaling regional divergence as investors weighed local headwinds. Heading into Friday, September 12, markets remain focused on macroeconomic data, currency movements, and central bank signals.

U.S. Markets Lead with Broad-Based Gains

On September 11, U.S. equities extended their momentum. The Dow Jones Industrial Average rose 1.36% to 46,108.00, while the S&P 500 added 0.85% to 6,587.47. The Nasdaq climbed 0.72% to 22,043.07, continuing its resilient streak amid strong technology earnings. The Russell 2000 outperformed, advancing 1.83% to 2,421.53, highlighting renewed appetite for small-cap stocks. Canada’s S&P/TSX Composite Index also gained 0.78% to 29,407.89.

Investor sentiment was reinforced by a drop in the CBOE Volatility Index (VIX), which fell 4.17% to 14.71, its lowest level in weeks. The U.S. Dollar Index edged up 0.11% to 97.64, suggesting cautious optimism ahead of upcoming inflation and labor market data that will guide Federal Reserve policy expectations.

European Stocks Follow Global Optimism

Across Europe, indices closed higher on September 11, supported by gains in financials and industrials. The CAC 40 rose 0.80% to 7,823.52, while London’s FTSE 100 added 0.78% to 9,297.58. The DAX increased 0.30% to 23,703.65, while the Euro Stoxx 50 climbed 0.47% to 5,386.77. Broader benchmarks such as MSCI Europe also rose 0.52%, signaling widespread optimism.

Currency indices were relatively steady, with the Euro Index up 0.32% to 117.34 and the British Pound Index advancing 0.30% to 135.72. These movements suggest stable conditions in European forex markets as investors await signals on the European Central Bank’s rate outlook.

Asia Sees Broad Gains with Hang Seng Leading

Asian equities mostly finished September 11 in positive territory. Hong Kong’s Hang Seng Index surged 1.52% to 26,484.06, rebounding from earlier weakness. South Korea’s KOSPI gained 1.14% to 3,382.40, while Japan’s Nikkei 225 rose 0.76% to 44,711.69. India’s Sensex posted a modest 0.18% gain to 81,694.98.

Australia’s S&P/ASX 200 advanced 0.66% to 8,863.50, with the Australian Dollar Index rising 0.64% to 66.59. The Chinese Shanghai Composite added 0.24% to 3,884.71, while the Japanese Yen Index edged up 0.13% to 67.93. Overall, Asian markets reflected a constructive risk tone, aided by currency stability and firm demand for equities.

Tel Aviv Declines Despite High Volumes

Tel Aviv diverged sharply from global peers on September 11, closing broadly lower. The TA-35 dropped 1.01% to 3,092.88, with only 8 stocks advancing versus 26 declining. The TA-90 shed 1.27% to 3,401.22, while the TA-125 fell 1.07% to 3,162.56. Bank-related indices also came under pressure, with the TA Banks and TA-90 composite down 1.59% to 3,518.12.

Bond markets were relatively stable. The All-Bond General Index rose slightly by 0.02% to 411.88, supported by strong trading volumes of over 3.7 billion shekels. Short-term bond indices remained flat, while longer-duration bond indices posted fractional losses. Overall equity turnover reached 2.99 billion shekels, while bond turnover was higher at 4.49 billion shekels, underscoring investor caution.

Outlook for September 12, 2025

Looking ahead to Friday, September 12, global markets will focus on U.S. macroeconomic releases and central bank commentary. With volatility trending lower and risk appetite improving, equities could sustain momentum if data confirms resilience in consumer spending and industrial activity. In Europe, attention will center on inflation figures and ECB policy guidance, while Asia will look to China’s economic updates for direction. Tel Aviv investors will watch for corporate earnings and domestic policy signals to gauge whether the sharp selloff continues or stabilizes.

Overall, September 11 highlighted divergent performance across regions: strength in U.S., European, and Asian equities contrasted with weakness in Israel. For September 12, the balance between global optimism and local challenges will shape investor sentiment across markets.