Briefings

Week InReview: January 16, 2026

Treasuries slide as Fed signals a pause.

Treasuries fell after data showed a resilient labor market and as several Federal Reserve officials signaled a willingness to pause interest-rate cuts at their upcoming policy meeting. Stocks rose, led by tech, but ended off the highs, failing to capture the 7,000 level in the S&P 500. The latest wave of enthusiasm for technology stocks is carrying into today, lifting US stock futures. A gauge of tech stocks in Asia hit an all-time high, while gold and silver declined. Equities in Asia climb to a record, led by a rally in technology stocks on renewed AI optimism. The Taiex leads regional gains with TSMC surging to its highest ever. Taiwan's outperformance comes after a long-sought trade pact with the US. The yen gains against the US dollar. Japan's finance minister reiterated her warning that all options including direct currency intervention are available for dealing with recent yen weakness| Gold and silver edge lower. Industrial metals also decline. China is clamping down on high-frequency trading. Copper, zinc, and aluminum all fall in Shanghai, as well as on the London Metal Exchange.
 

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