Global stocks dropped and the dollar eased against the safe-haven yen and Swiss franc after U.S. President Donald Trump threatened additional tariffs on goods imported from European nations that oppose his planned takeover of Greenland.
Crypto investment products continued gathering steam last week, with fund inflows outpacing every other week in 2026 so far and marking the largest gains since October. Crypto exchange-traded products drew $2.17 billion of inflows last week, European crypto asset manager CoinShares reported.
U.S. stocks ended nearly flat in a choppy session ahead of the long weekend, and all three major indexes posted losses for the week as Q4 earnings season kicked off. Investors were also cautious of making big bets ahead of the long weekend, with the stock market shut today for the Martin Luther King Jr. holiday.
Oil prices settled higher to end last week as some investors covered short positions ahead of the three-day Martin Luther King holiday weekend in the U.S. and lingering worries about a possible U.S. military strike against Iran.
Sterling rose to end last week, and notched its fifth consecutive weekly rise against the euro, after data this week showed that the British economy grew more strongly than expected in November.
The dollar rose after data showed that the number of Americans filing new applications for unemployment benefits unexpectedly fell last week, further boosting expectations that the Federal Reserve will keep rates on hold for the next several months.
