Technology-led equity gains supported risk appetite, while Brent’s $4.08 jump (+4.01%), gold’s $52.74 fall (-1.12%), and a firmer dollar showed markets balancing AI optimism against inflation risk.
KOSPI jumped 386.49 points (+5.13%) to 7,882.63, Nasdaq gained 441.08 points (+1.71%) to 26,247.08, and S&P 500 rose 61.93 points (+0.84%) to 7,398.93. Gold fell $52.74 (-1.12%) to $4,661.86, silver slipped $0.40 (-0.50%) to $79.9470, while Brent climbed $4.08 (+4.01%) to $105.35/bbl.
Today's Snapshot
- KOSPI: 7,882.63 (+5.13%)
- Nasdaq Composite: 26,247.08 (+1.71%)
- S&P 500: 7,398.93 (+0.84%)
- Gold: $4,661.86 (-1.12%)
- Silver: $79.9470 (-0.50%)
- Brent Crude: $105.35/bbl (+4.01%)
Global Markets
(A) Precious Metals
Gold: $4,661.86/oz (-1.12%) Gold fell sharply as a stronger dollar and higher oil prices raised inflation concerns, reducing expectations for faster Fed rate cuts. Reuters said stalled U.S.–Iran peace talks also kept markets focused on energy-driven inflation risk.
Silver: $79.9470/oz (-0.50%) Silver edged lower as dollar strength pressured precious metals, though industrial-demand expectations limited the decline.
Brent Crude: $105.35/bbl (+4.01%) Brent crude rose strongly as stalled U.S.–Iran peace talks lifted supply-risk premiums. Reuters reported that President Donald Trump called Iran’s response to a U.S. peace proposal “unacceptable,” raising concerns over the Strait of Hormuz and global energy flows.
(B) FX
Dollar Index (DXY): 98.103 (+0.10%) The dollar strengthened for a second session as strong U.S. jobs data and safe-haven demand supported the greenback. Reuters said the move came after President Donald Trump called Iran’s peace offer “unacceptable,” keeping geopolitical risk elevated and lifting demand for the U.S. currency.
EUR/USD: 1.1757 (-0.20%) The euro fell as the stronger dollar pressured major currencies, while higher oil prices increased inflation concerns across energy-importing economies.
USD/INR: 94.9050 (+0.40%) USD/INR rose as the rupee weakened after Brent crude jumped, raising concerns over India’s import bill, inflation, and current-account pressure. Reuters said the RBI likely sold dollars through state-run banks to limit the rupee’s fall.
Financial News & Events - May 11, 2026
High Impact Events
| Country | Release | Forecast | Previous | Time (UAE) |
|---|---|---|---|---|
| China | CPI (YoY) (Apr) | +0.9% | +1.0% | 05:30 |
| China | PPI (YoY) (Apr) | +1.7% | +0.5% | 05:30 |
| U.S. | Existing Home Sales (Apr) | 4.05M | 3.98M | 18:00 |
| U.S. | Existing Home Sales (MoM) (Apr) | - | -3.6% | 18:00 |
| U.S. | CB Employment Trends Index (Apr) | - | 105.72 | 18:00 |
Europe Watch
| Country | Release | Forecast | Previous | Time (UAE) |
|---|---|---|---|---|
| Germany | German Buba Monthly Report | - | - | 14:00 |
| Germany | German 12-Month Bubill Auction | - | +2.517% | 14:00 |
| France | French 6-Month BTF Auction | - | +2.476% | 17:00 |
Volatility
VIX closed around 17.19, indicating calm market conditions.
What Traders Are Watching
- U.S.-Iran peace talks - Traders are watching whether renewed diplomatic progress can reduce oil supply-risk premiums and ease inflation concerns.
- AI-chip momentum - Continued gains in SK Hynix, Samsung, and broader semiconductor names remain central to equity risk appetite.
- U.S. inflation and housing data - Upcoming U.S. macro releases could shape Treasury yields, Fed expectations, and dollar direction.
“**“Know what you own, and know why you own it.”** ”
**Yesterday’s Market News - May 7, 2026**
Markets rallied as AI momentum lifted global equities, with the Nikkei 225 rising to 63,050.45 (+5.94%), the Nasdaq gaining 512.82 points (+2.02%) to 25,838.94, and the S&P 500 adding 105.90 points (+1.46%) to 7,365.12. Gold held steady at $4,706.02/oz (+0.32%) while silver gained 0.82% to $77.98/oz, supported by a softer dollar and stronger technology-linked industrial demand. Brent crude rose 0.57% to $101.85/bbl as doubts over a quick U.S.–Iran peace deal kept supply-risk premiums active.
Read full recap →Sources
- Reuters - Global Markets - Peace progress stalls, AI rally does not
- Reuters - Global Markets - Share futures wobble, dollar gains as Iran talks teeter
- Reuters - Commodities - Gold falls on oil-driven inflation worries as US–Iran peace talks falter
- Reuters - China Markets - China’s factory inflation hits 45-month high on energy price shock
- Investing.com - Economic Calendar Table
Disclaimer
This report is for informational purposes only and does not constitute investment advice, financial guidance, or a solicitation to buy or sell any financial instruments. Market data and figures are subject to change without notice. Trading leveraged or complex products involves significant risk and may not be suitable for all investors. Please ensure you fully understand the risks involved before trading.
Terms and conditions apply, for full terms and conditions, please visit centrinocapital.com.
