Yen strengthens after Japan pension shift; oil edges up on Iran tensions
European stocks flat, oil up 0.7% on Iran tensions, yen strengthens to 161.80 after Japan pension shift. Focus turns to US CPI July 14 for next catalyst.
Alpha Score of 49 reflects weak overall profile with strong momentum, poor value, moderate quality. Based on 3 of 4 signals – score is capped at 90 until remaining data ingests.
European stocks were little changed Friday as markets settled into a quiet end to the week. Oil ticked higher. WTI crude rose 0.7% to $72.60. US-Iran tensions remained unresolved, with the Strait of Hormuz effectively closed again. US futures pointed lower, with S&P 500 futures down 0.1% and Nasdaq futures off 0.3%.
The dollar was mixed. EUR/USD held flat at 1.1430, and GBP/USD inched up 0.1% to 1.3425. The yen was the day's standout mover, strengthening 0.3% against the dollar to 161.80 after Japan signaled a major pension shift earlier in the session. US 10-year yields edged up 0.6 basis points to 4.547%. Gold slipped 0.3% to $4,107, and silver fell 0.9% to $59.45. The week's quiet tone sets up next week's focus on the US June CPI report due July 14.
Drafted by a large language model from the source reporting linked above, then screened by automated publishing checks. It is not read by a journalist before publication. Some articles cite our Alpha Score. Verify prices and figures against the original source. Educational coverage, not personalized advice.