Briefings

Week InReview: January 9, 2026

Dollar, yields rise ahead of jobs data.
The dollar rose along with Treasury yields as investors braced for the US payrolls report and a possible Supreme Court ruling on US tariffs. US stock futures wavered. | Asian equities advanced while US index futures were little changed before the crucial payrolls data and a possible tariffs ruling from the US Supreme Court. Value plays in South Korea and Japan helped to drive gains as a rotation away from tech shares in the US session fed over into Asia. | Treasuries fell as investors anticipated Friday's December employment data and a possible Supreme Court strike-down of tariffs. | The Nasdaq 100 slid 0.6%, ending a three-day advance as tech behemoths Nvidia and Apple slumped. Defense shares jumped on the US plan to ramp up military spending, while a gauge of small-cap stocks surged to a record as investors continued to rotate out of tech. | Oil rose sharply after two days of losses as traders weighed geopolitical risks related to Iran and the developing situation in Venezuela. An annual commodity index rebalancing period, meanwhile, is expected to see cash flow back into crude over the next few days.
 

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