1. Calm returns: Stock markets are ticking along nicely on Friday after some nerve-wracking volatility earlier this week.
U.S. stock futures are steady and the CBOE Volatility Index( — better known as the Vix — has dipped back down. )
European markets are all rising in early trading, with many up by about 0.5%. Asian markets closed the week with a quiet session.
This calmness is in direct contrast to the frenzied selling seen on Wednesday, inspired by various scandals coming out of the White House.
The Dow ended with a 373 point loss that day — about a 1.8% decline. It was the Dow’s biggest drop since September.
However, stocks are still trading near record highs as corporate earnings have been strong and consumer confidence remains solid.
2. Let’s get political: Investors will be monitoring political developments around the world Friday.
One of the country’s biggest newspapers accused him of paying a former Senate colleague hush money. Temer said he “never authorized payments to anyone to stay quiet.”
Nevertheless, the Supreme Court officially opened an investigation against the 75-year-old leader, who only took office last September following the impeachment of Dilma Rousseff.
Rouhani was a key architect of the 2015 nuclear deal with the U.S., the EU and other partners. The election is being seen in part as a referendum on that deal, which has so far yielded mixed economic results for Iranians.
3. Earnings and economics:Campbell Soup(, )Deere( and )Foot Locker( are set to release earnings before the opening bell Friday. )
4. Coming this week:
Friday — Foot Locker(, )Campbell Soup( and )Deere( earnings )