Highlights

– U.S. equities showed mixed performance on September 10, with the Dow retreating while the S&P 500 and Nasdaq edged higher.
– European markets posted modest declines, led by weakness in Germany’s DAX and the Euro Stoxx 50.
– Asian indices closed mostly higher, with Japan’s Nikkei 225 up more than 1%.
– Tel Aviv indices slipped, with the TA-35 and TA-125 both ending the day lower amid heavy trading volumes.

Global markets delivered a varied performance on September 10, 2025, as investors weighed geopolitical risks, U.S. economic signals, and shifting expectations for central bank policy. Equity markets in the U.S. and Asia managed to post gains in selective areas, while Europe and Israel saw losses. As September 11 trade begins, focus will turn to energy markets, monetary policy outlooks, and whether the recent risk appetite can extend into Thursday’s session.

U.S. Markets: Dow Falls While S&P 500 Holds Gains

Wall Street closed with a split performance on Wednesday. The S&P 500 advanced 0.30% to 6,532.04, while the Nasdaq inched higher by 0.03% to 21,886.06, supported by strong showings in technology and communication services. The Russell 2000 small-cap index, however, slipped 0.16% to 2,378.01, highlighting some weakness in domestically focused companies.

The Dow Jones Industrial Average dropped 0.48% to 45,490.92, dragged down by declines in industrial and financial stocks. Meanwhile, volatility picked up, with the VIX rising 2.06% to 15.35. The U.S. Dollar Index remained firm, climbing 0.07% to 97.85, reflecting investor preference for safe-haven assets.

Canadian equities followed Wall Street’s tone, with the S\&P/TSX Composite gaining 0.40% to close at 29,179.39, supported by strength in energy shares.

European Markets: DAX and Euro Stoxx Decline

In Europe, equity benchmarks closed broadly lower on September 10. Germany’s DAX dropped 0.36% to 23,632.95, while the Euro Stoxx 50 fell 0.14% to 5,361.47. London’s FTSE 100 also slipped, down 0.19% to 9,225.39, reflecting weakness in mining and financial services.

The broader MSCI Europe index dipped 0.07% to 2,465.09, signaling investor caution ahead of upcoming central bank commentary. Currency markets added to the volatility, with the euro index falling 0.12% to 116.97 and the British pound index posting a small gain of 0.04% to 135.32.

Asian Markets: Japan and China Drive Gains

Asian markets delivered a more positive tone. Japan’s Nikkei 225 surged 1.17% to 44,351.51, its strongest daily advance in weeks, while China’s Shanghai Composite gained 1.12% to 3,855.10. South Korea’s KOSPI added 0.61% to 3,334.89, and India’s Sensex rose 0.13% to 81,530.08.

The standout, however, was Australia, where the S\&P/ASX 200 slipped 0.36% to 8,798.60, pressured by weakness in banks and resource names. The Hang Seng in Hong Kong also fell 0.33% to 26,112.98, reflecting persistent investor caution around Chinese property sector risks.

Tel Aviv: Indices Edge Lower on Heavy Trading

Israeli equities moved lower on September 10. The TA-35 dropped 0.30% to 3,124.37, while the broader TA-125 lost 0.23% to 3,196.76. The TA-Banks index retreated 0.15% to 3,575.06.

Trading volumes were substantial, with total equity turnover reaching ILS 2.45 billion and bond turnover amounting to ILS 4.14 billion. Decliners outnumbered advancers, especially on the TA-125 index, where 74 stocks ended lower compared with 46 that gained.

Bond markets were relatively stable, with the All-Bond General index flat at 411.80 and the Short-Term Bond index unchanged at 459.28. Inflation-linked government bonds saw modest declines.

Looking Ahead to September 11, 2025

As trading begins on Thursday, September 11, global investors will focus on whether U.S. equities can extend their resilience in the face of renewed volatility. Key watchpoints include energy market developments, as oil prices remain sensitive to geopolitical headlines, and upcoming economic data releases from the U.S. and Europe.

For Israeli markets, the focus will be on whether foreign flows stabilize and if local bonds can provide continued stability against equity market softness. Globally, the interplay between central bank expectations, currency strength, and risk appetite will shape market direction.

Overall, September 11 trade will test whether the modest optimism seen in U.S. and Asian equities can offset lingering pressures in Europe and Tel Aviv, setting the tone for the remainder of the week.