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EUR/USD closed Friday at 1.1631, down 0.7% on the week after a 1.4% monthly PPI shock pushed the dollar bid; no fresh weekend tape but US10Y still parked at 4.59%.

GBP/USD slipped to 1.3326 over the weekend as UK 30-year gilt yields hit a 28-year high on speculation Burnham will challenge Starmer — fiscal credibility is the new sterling tax.

USD/JPY pushed to 158.73 into the weekend as PPI-driven yield strength outweighed any safe-haven yen bid from Iran-Hormuz rhetoric.

AUD/USD held 0.7153 into the weekend with no fresh China tape; the pair has been pinned in a 70-pip range as Trump-Xi summit afterglow battles dollar strength.

Gold finished Friday at 4,561.90 — down 2.5% on the week and the worst session of 2026 — as PPI-driven yields and Iran-Hormuz de-escalation talk pulled the safety bid out simultaneously.

Silver settled at 77.55 Friday, down 8.7% on the week — silver's classic 'leveraged gold' move, amplified by UBS resetting its 2026 target and India curbing select imports.

WTI traded 101.02 over the weekend as Iran-Hormuz rhetoric flared again — Bessent flagged Iran storage saturation while Tehran issued fresh Strait threats.

S&P 500 closed Friday at 7,408.5, down 1.2% on the week after a hot 6% PPI print pulled yields to 4.59% and clipped the AI-led rally into the close.

Nasdaq 100 finished Friday at 29,125, off 1.5% on the week as yield strength forced a partial reversal of the AI-fueled push to fresh records.

Dow closed Friday at 49,526, slipping back below the 50,000 round number after the PPI shock; cyclicals and industrials carried the bulk of the selling.

BTC traded 78,111 into Sunday — back below 80K after Iran-Hormuz threats and a 2Y yield at 4.09% that's choking out the breakout attempt; spot ETFs saw $635M of outflows last week.

ETH settled at 2,185 Sunday, hovering at the lower end of the 2,200–2,340 range as the broader crypto correction pulled it down with BTC; staking-yield narrative continues at the corporate level.

NVDA closed Friday at 225.32, down 4.4% on the week and -8% from highs as the yield move spared no part of the AI complex into Wednesday's print.

TSLA finished Friday at 422.24, down 4.8% on the week after Musk's broader political commentary and concerns the China narrative is fully priced.

AAPL closed Friday at 300.23, +0.7% on the week — one of the few names that held up through the PPI shock as Berkshire continuity (Greg Abel committed to the position) reassured holders.

MSFT closed Friday at 421.92, +3.0% on the week as Bill Ackman disclosed a fresh $2.09B stake and the LinkedIn AI restructure framed Microsoft's cost discipline favorably.

META closed Friday at 614.23, off 0.7% on the week; the stock is now caught in the broader AI-capex-vs-monetization debate that's pulling at hyperscaler multiples.

GOOGL closed Friday at 396.78, -1.1% on the week; Alphabet has now compounded 140% in 12 months and the consensus question has flipped to 'is it too late' rather than 'is it cheap'.

AMZN closed Friday at 264.14, -1.2% on the week; the tariff-refund lawsuit storyline added noise but didn't break the 257.90 support that's defined the week.