News Summary

• A buoyant week for world markets driven by emerging U.S. trade deals with major economies has gone a bit flat into Friday.
• The interest rate backdrop also turned a shade darker, with the European Central Bank holding its 2% rate steady.
• Investors cashed out of highly valued global stocks on Friday and the dollar headed for its biggest weekly drop in a month.
• Next week includes Donald Trump's tariff deadline, Federal Reserve and Bank of Japan meetings, megacap earnings and a heavy Treasury debt auction schedule.