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WEEKLY RECAP

Week ending 4 Sep 2026

31 Aug – 4 Sep 2026

0 · calm50 · normal100 · wild

On the Spotlight Index, where 50 is a normal week, this one scored 48.3: a normal week, busier than 9 of the past 45.

Each day on the Spotlight Index
41Mon31 Aug
55Tue1 Sep
44Wed2 Sep
56Thu3 Sep
45Fri4 Sep
Scroll to see the five markets that stood out

Five markets stood out

31 Aug – 4 Sep 2026 · sized against each market's own history

Monday31 AugIndex 41

Away from software, Deere rose 10% to a record high after Baird upgraded the stock.

Tuesday1 SepIndex 55

Cadence Design Systems fell 14% in the same sell-off, with its chief executive on television this week saying the company had been caught up in it.

Union Pacific slid almost 6% from the record it set the week before, with the regulator's review of its Norfolk Southern merger still hanging over it. In currencies the yen had its best week in a month as traders bet on a Bank of Japan rate rise at its meeting later this month, which pulled the euro down 2.4% against it.

Thursday3 SepIndex 56

Euro / Japanese Yen moved amid the yen's best week in a month on BoJ hike bets.

Friday4 SepIndex 45

A quieter week than most. No market on the board had a week that read Very High or Max against its own history, and only Autodesk reached High. The five here are the biggest moves the week produced, each sized against that market's own record rather than by the raw percentage.

The thread running through the list is software. Autodesk fell over 16% on the week. Its results on 27 August beat expectations, but the profit outlook for the next quarter came in below hopes, and the slide deepened on Friday when a wider sell-off hit software names on fears that AI could eat into their business.

In the newsIs Autodesk Inc (ADSK) a Bargain After 8.3% Drop? GF Value Says UndervaluedGuruFocusUnion Pacific (NYSE: UNP) executive donates 431 sharesStock TitanDeere & Co. stock gains on analyst upgrade and solid quarterly figuresAD HOC NEWSEuro/Japanese Yen (FOREX: EURJPY) QuoteThe Globe and MailCan Cadence's Cash Generation Support Both Growth and Share Buybacks?qz.com
Mon31 Aug41
DE
+3.9%that day Week +10.0%Moderate
Tue1 Sep55
UNP
−3.3%that day Week −5.8%Moderate
CDNS
−7.6%that day Week −14.0%Moderate
Wed2 Sep44
Thu3 Sep56
EURJPY
−1.7%that day Week −2.4%Moderate
Fri4 Sep45
ADSK
−8.3%that day Week −16.4%High

What can move markets next week

7–11 Sep 2026 · and the reading each market carries into it

A short week with a crowded Thursday. US markets are closed on Monday for Labor Day, and the events then bunch up: the European Central Bank's rate decision on Thursday, US producer prices the same morning, and Oracle and Adobe both reporting after Thursday's close. Friday brings August's consumer price index, the last inflation reading before the Federal Reserve meets the week after.

Around that, OPEC publishes its monthly oil market report on Wednesday, with crude coming off a week up almost 10%, and Apple holds its iPhone event the same day. No market on the list carries a hot weekly reading into Monday. Euro/Yen is the highest at Moderate after the yen's best week in a month, and the two software names arrive off a sell-off that took Adobe down over 8% last week.

Mon7 Sep
Nothing big on the calendar
Tue8 Sep
Nothing big on the calendar
Wed9 Sep
SpotCrudeWTI Crude Oil

OPEC monthly oil market report

WED 9 SepLow
Thu10 Sep
EURJPYEuro / Japanese Yen

ECB rate decision

THU 10 SepModerate
ADBEAdobe

Reports after the close

THU 10 SepLow
ORCLOracle

Reports after the close

THU 10 SepVery Low
Fri11 Sep
IBITiShares Bitcoin Trust ETF

US inflation data (CPI)

FRI 11 SepVery Low

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