Risk sentiment stayed mixed as **KOSPI rebounded strongly**, while hotter **U.S. inflation** kept the dollar firm, pressured gold and silver, and pushed Brent lower after a three-day rally.
Today's Snapshot
- KOSPI: 7,818.71 (+2.30%)
- Nasdaq Composite: 26,088.20 (-0.71%)
- S&P 500: 7,400.96 (-0.16%)
- Gold: $4,700.48 (-0.30%)
- Silver: $86.3225 (-0.30%)
- Brent Crude: $106.16 (-1.49%)
Note: Data and market levels are as of 07:00 UT, May 13, 2026, subject to live market fluctuations.
Global Markets
(A) Precious Metals
Gold: $4,700.48/oz (-0.30%) Gold fell 0.30%, down about $14.14, as hotter U.S. inflation reduced expectations for Fed rate cuts and pressured non-yielding assets.
Silver: $86.3225/oz (-0.30%) Silver declined 0.30%, down about $0.26, tracking weakness in precious metals as the dollar stayed firm. Losses were limited by continued industrial-demand support.
(B) Energy
Brent Crude: $106.16/bbl (-1.49%) Brent fell 1.49%, down about $1.60, after a three-day rally as traders awaited fresh developments on the fragile Middle East ceasefire and the Trump-Xi meeting.
(C) FX
Dollar Index (DXY): +0.03% The dollar held steady near a one-week high as hotter U.S. inflation pushed Treasury yields higher and reduced expectations for Fed rate cuts. Weaker risk sentiment and renewed Middle East uncertainty also supported demand for the greenback.
USD/JPY: +0.10% USD/JPY moved slightly higher as wide U.S.-Japan yield differentials kept pressure on the yen. Intervention risk remained in focus after speculation around possible Japanese action to slow sharp currency moves.
GBP/USD: -0.05% Sterling slipped slightly as broader dollar strength weighed on major currencies. Markets remained focused on inflation, Fed expectations, and global risk sentiment.
Economic Calendar Today: Key U.S. Market Events
| Release | Forecast | Previous | Time |
|---|---|---|---|
| PPI (MoM) (Apr) | +0.5% | +0.5% | 16:30 |
| Core PPI (MoM) (Apr) | +0.3% | +0.1% | 16:30 |
| PPI (YoY) (Apr) | +4.9% | +4.0% | 16:30 |
| Core PPI (YoY) (Apr) | +4.3% | +3.8% | 16:30 |
| Crude Oil Inventories | -2.000M | -2.313M | 18:30 |
Note: This update highlights selected economic calendar events for informational purposes only. Please conduct your own research before making any trading decisions.
Volatility
VIX closed around 17.99, indicating calm market conditions.
What Traders Are Watching
- U.S. PPI inflation - Traders are watching whether producer prices confirm the hotter CPI signal and further reduce expectations for Fed rate cuts.
- U.S.-China summit - Markets are tracking whether the Trump-Xi meeting can ease trade tensions, support chip-sector sentiment, and stabilize risk appetite.
- Iran ceasefire and oil supply risk - Traders are watching whether the fragile ceasefire can hold, as any renewed escalation could lift Brent crude and reinforce inflation pressure.
“It's not whether you're right or wrong, but how much money you make when you're right and how much you lose when you're wrong.”
**Yesterday’s Market News - May 12, 2026**
Markets turned cautious as hotter U.S. CPI data pressured Wall Street, with the **Nasdaq Composite falling 185.92 points (-0.71%) to 26,088.20** and the **S&P 500 slipping 11.88 points (-0.16%) to 7,400.96**. **KOSPI closed lower at 7,643.15 (-179.09 pts, -2.29%)** as chip stocks faced profit-taking after a strong AI-led rally, while **Brent crude rose more than 3%** as fading U.S.–Iran peace hopes kept supply-risk premiums elevated. Gold remained under pressure as higher yields and a firmer dollar reduced expectations for faster Fed easing.
Read full recap →Sources
Source
- Reuters - Global Markets - Asia markets falter as hot U.S. inflation, shaky Iran ceasefire weigh
- Reuters - Global Markets - Morning Bid: Locked in a stalemate with Iran, Trump heads to China
- Reuters - Commodities - Oil prices slip on teetering Iran ceasefire as Trump heads to China
- Reuters - FX - Dollar near one-week high as hot U.S. inflation fans Fed hike bets, peace talks stall
- Reuters - Precious Metals - Gold slips as firm U.S. inflation data weighs on Fed rate-cut hopes
- Investing.com - Economic Calendar - U.S. PPI, Crude Oil Inventories, Eurozone GDP and Industrial Production
Disclaimer
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