Iranian media on the 12th reported Foreign Minister Araghchi said in a TV interview that ongoing U.S.-Iran memorandum of understanding talks include a U.S. pledge not to wage war or use threats; both sides would respect each other’s sovereignty and refrain from interference in internal affairs.

U.S. equities closed higher Friday: Dow Jones preliminary close +0.7%, S&P 500 +0.5%, Nasdaq Composite +0.3%. SpaceX (SPCX.O) rose 19% in its first day of trading to $160.90, valuing the company at $2.1 trillion and making it the sixth-largest U.S.-listed company. Other space-related stocks fell: Virgin Galactic (SPCE.N) down >30%, Rocket Lab (RKLB.O) down >10%. Arm (ARM.O) +11%, Intel (INTC.O) +6.5%. Nasdaq China Golden Dragon Index +0.4%.

ECB Governing Council member KAZIMIR said a surge in energy prices feeding into core inflation is dangerous.