Briefings

Week InReview: January 23, 2026

Futures fade as losses near.
US stock-index futures drifted lower, with the S&P 500 heading for the first back-to-back weekly losses since June. Gold briefly rose above $4,950 an ounce. | The yen surged against the dollar, capping a volatile week in Tokyo markets. Finance Minister Satsuki Katayama declined to answer when asked if Japan had intervened. | Gold climbs to a fresh record, closing in on 5,000/oz, supported by a weaker dollar. Silver rises to an all-time high just below $100/oz, with platinum also hitting a record. The Bloomberg Dollar Spot Index edges down, set for the worst week since June last year. | US equity index futures retreated in early Friday trading after Intel's lackluster forecast sapped tech optimism. The company's shares dropped in post-market trading as it said manufacturing difficulties make it hard to meet demand for chips. US stocks had gained overnight. | Short-maturity Treasury yields rose as US economic data showing resilience in the job market and consumer spending reinforced expectations that the Federal Reserve will delay interest-rate cuts until later in 2026. Thirty-year yields, however, fell to near where they started the year.
 

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