Markets remained supported by resilient economic data and strong AI-related earnings this week, although higher Treasury yields and geopolitical uncertainty continued to increase volatility.

Investor attention remained focused on inflation, long-term interest rates and Nvidia’s earnings, while markets continued balancing resilient economic activity against tighter financial conditions. At the same time, easing oil prices provided some short-term relief for inflation expectations and broader market sentiment.

Artificial intelligence continued to be a key driver for equity markets, although investors became increasingly selective as yields remained elevated and volatility persisted.