Financial markets experienced two trend reversals between August 31 and September 4, 2026. The S&P 500 rose by 0.1%, the Nasdaq Composite increased by 0.4%, and the Dow Jones Industrial Average fell by 0.3%. The probability of at least one rate hike by the end of the year reached 71.5%, following a strong employment report on September 4 showing 162,000 new jobs, significantly exceeding expectations of 45,000-55,000.
US Treasury yields rose, with 10-year bonds in the 4.75-4.80% range and 30-year bonds exceeding 5.2%. Simultaneously, yields for German, British, and Japanese securities increased. Brent crude oil closed the week at $92.68 (+7.6%) and WTI at $91.48 (+10%). US diesel prices reached a record $5.85 per gallon, while European crack spreads exceeded $100 per barrel.
Gold prices fell by 3.5% during the week, dropping from $4,601 to $4,438. In the stock market, the semiconductor sector outperformed the general market, with the SOX index rising 3.4% on Friday. However, capital outflow from US equity funds continued, with $11.1 billion withdrawn by September 2, compared to $22.7 billion the previous week. Money market funds received $48.8 billion.
The cryptocurrency market closed the week with a total capitalization of $2.7 trillion and a trading volume of $67.4 billion. Bitcoin ended at $79,766 (+0.44%), Ethereum at $2,461 (+0.34%), and BNB at $766.30 (+6.99%). Bitcoin dominance reached 59.4%, while Ethereum's share was 11.1%. The Fear and Greed Index stood at 75, indicating a state of greed.
Exchange-traded crypto funds saw a net inflow of $1.238 billion for the week, with total assets under management reaching $122.57 billion across 32 products from 11 issuers. On September 4, inflows were $174.6 million for Bitcoin and $25.9 million for Ethereum. Solana experienced an outflow of $5.2 million, while XRP had a zero result. Monthly inflows totaled $5.745 billion, and quarterly inflows reached $4.164 billion.
