The Bank of England kept rates at 3.75% with a split vote, signaling cuts ahead but stressing data dependence, while the ECB also opened 2026 on pause, confident inflation is easing toward target yet wary of global risks and euro strength.

Precious metals rebounded, but sharp swings in gold and silver point to increasingly speculative trading conditions rather than stable safe-haven behavior.

In markets, the euro held firm, gold and silver extended gains, and the yen rebounded after Japan’s election clarified political risks.

Corporate focus included Oracle’s tough cloud execution challenge and strong Amazon earnings, paired with heavy AI-driven capex.

Geopolitically, tensions linger around Ukraine, Iran, and trade, while the week ahead brings key US jobs and inflation data, heavy earnings, and major releases across Europe and Asia to guide policy and growth expectations.

Get a view of a more detailed analysis through the file below.