This week, the focus is on the shifting global financial dynamics, led by reports that Russia may pragmatically re-engage with dollar-based systems, despite its prior efforts to de-dollarize, underscoring the dollar’s continued dominance in energy trade and global liquidity.

This week highlights a cautious global backdrop as major central banks stay on hold and markets weigh slowing inflation against fragile growth.

Budget talks remain stuck over spending priorities, border policy, defense, and social programs. 

This week highlights rising geopolitical and policy-driven market risks. Denmark’s move away from U.S. Treasuries signals growing European unease over U.S. governance and dollar reliance.

Global sentiment is heavily influenced by intensifying trade and geopolitical risks. Gold climbed to $4,690 and Silver reached a record $94 following President Trump’s Greenland-related tariff threats against European nations.

This week has been dominated by policy uncertainty, political pressure, and rising geopolitical risk.

This year's performance at a glance, covering the moves that set the tone heading into 2026.

Global monetary policy diverged this week as the Bank of Japan hiked rates to 0.75 percent while the Bank of England cut to 3.75 percent, and the ECB held steady at 2.00 percent.