The FTSE 100 (^FTSE) and European stocks had moved lower on Friday, while tech was a bright spot among US indices, as a volatile week comes to a close. 

Chipmakers TSMC (TSM) and Nvidia (NVDA) eyed more gains, thanks in part to a US-Taiwan trade deal that promises a $250bn boost to American chip and tech manufacturing. 

On Thursday, shares in TSMC popped following a strong quarterly report that revived AI enthusiasm to buoy related stocks more widely.

Meanwhile in Europe, commodities prices have been on a rollercoaster this week as investors looked to precious metals to retreat from risk. 

"Copper has been signalling strong economic growth in 2026 — in nominal terms at least," said Neil Wilson, UK investor strategist at Saxo Markets. 

"Apparently, China has moved to clamp down on some high frequency traders at the Shanghai Futures Exchange, which has knocked prices down from record highs, while nickel and tin were also lower."

The world has also been watching to see if president Donald Trump will make orders to send troops to Iran amid widespread and violent anti-government protests. While he said earlier in the week that he had been told the killing had stopped, more than 2,400 people have lost their lives in the unrest, according to human rights groups. 

Oil prices were higher on Friday afternoon as the chance of increased US presence in Iran cooled, with brent crude futures (BZ=F) trading up more than 1% and West Texas Intermediate (CL=F) rising 1.1%. 

Market movers

• The FTSE 100 (^FTSE) pulled back from all-time highs, dragged 0.1% lower by commodity stocks as precious metal prices lost momentum. 

• Miners Antofagasta (ANTO.L), Glencore (GLEN.L), Anglo American (AAL.L) and Rio Tinto (RIO.L) were among the top fallers in the index by the closing bell

• Germany's DAX (^GDAXI) dipped 0.3% as its consumer price index data came in in line with expectations.

• The CAC 40 (^FCHI) in Paris dropped 0.8%.

• The pan-European STOXX 600 (^STOXX) lost 0.1%.

• The pound rose slightly against the dollar (GBPUSD=X) to trade below the $1.34 mark.

• The tech-heavy Nasdaq Composite (^IXIC) was just above the flatline, while the S&P 500 (^GSPC) added nearly 0.1%. The Dow Jones Industrial Average (^DJI) nudged 0.1% lower after stocks reversed a two-day losing streak on Thursday.

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