Economic data included both producer and consumer price inflation coming in stronger than expected, in keeping with a spike in gasoline and related petroleum pricing last month. Retail sales and existing home sales also saw gains, along with low jobless claims, all pointing to decent economic conditions.

Equities fell back globally with again rising oil prices and some concerns over AI profitability and financing weighing on buyer sentiment. Bonds fared well as yields came back down, despite reports showing continued high inflation. Commodities were mixed, with gains in energy due to geopolitics, offset by declines in metals and grains.

Economic data included services PMI falling a bit, but remaining solidly in expansion. Consumer sentiment remained weak, particularly due to sensitivity to high inflation.

Equities were mixed, with U.S. stocks higher while international stocks fell back. Bonds saw a better week as Treasury yields stabilized across the yield curve. Commodities were higher in energy and metals.