US equities closed mixed on Friday: the Dow Jones rose 0.1%, the S&P 500 fell 0.4% and the Nasdaq Composite dropped 0.91%. AMD (AMD.O) fell 8.75%, Dell (DELL.N) declined 7.24%, CoreWeave (CRWV.O) -6.13%, SanDisk (SNDK.O) -5.59%, Broadcom (AVGO.O) -4.76%, SK Hynix ADR (SKHY.O) -4.3% and NVIDIA (NVDA.O) -2.01%; Meta Platforms (META.O) rose 2.9% and Microsoft (MSFT.O) gained 0.17%. The Nasdaq Golden Dragon China Index was up 0.84%; Baidu (BIDU.O) +0.66%, Alibaba (BABA.N) -0.02%.

Norway's energy minister said he will not ask to stop production.

RBC BlueBay Asset Management fixed-income CIO Mark Dowding said in a report that currency markets are trading with persistently low volatility and FX has largely dropped off the agenda at macro roundtables and industry events. He said a fall in energy prices would likely help the euro recover recent post‑US‑midterm-election losses. The firm has closed its USD long positions and increased exposure to the Mexican peso (MXN). More broadly, Dowding said some emerging‑market currencies remain attractive, with carry relative to volatility offering an appealing risk‑return profile.