Markets stayed positive as AI-related stocks helped equities move higher, while traders stayed focused on U.S. inflation and Fed interest-rate expectations. Gold stayed almost flat, silver slipped slightly, and Brent crude moved higher as worries around Middle East oil supply risks remained in focus.
Today's Snapshot
- KOSPI: 7,856.37 (+0.16%)
- Nasdaq Composite: 26,402.34 (+1.20%)
- S&P 500: 7,444.25 (+0.58%)
- Gold: $4,690.60 (+0.04%)
- Silver: $87.2050 (-0.38%)
- Brent Crude: $106.16 (+0.50%)
Note: Data and market levels are as of 07:00 UTC, May 14, 2026, subject to live market fluctuations.
Global Markets
(A) Precious Metals
Gold: $4,690.60/oz (+0.04%) Gold was little changed, edging up 0.04% as the U.S. dollar weakened, giving mild support to bullion. Gains stayed limited as hotter U.S. inflation kept expectations alive that the Fed may hold interest rates higher for longer.
Silver: $87.2050/oz (-0.38%) Silver slipped 0.38%, tracking softer, precious-metals sentiment as traders stayed cautious. The decline was limited by the weaker dollar, while industrial-demand expectations remained a key support factor.
(B) Energy
Brent Crude: $106.16/bbl (+0.50%) Brent crude rose 0.50% as traders remained focused on Middle East supply risks and possible disruption around Iran-linked oil flows. Markets also watched the Trump-Xi meeting for any signals that could ease geopolitical pressure or affect global demand sentiment.
(C) FX
Dollar Index (DXY): -0.03% The U.S. dollar was almost unchanged, but it stayed strong because traders think the Fed may keep interest rates high. The dollar also got support because investors were being careful ahead of the Trump-Xi meeting and global risk headlines.
USD/JPY: 157.87 (+0.02%) USD/JPY was almost flat, meaning the dollar and yen did not move much against each other. The yen got some support after a BOJ official said Japan may need to raise interest rates, but the dollar stayed strong because U.S. rates are still much higher than Japan’s.
GBP/USD: 1.3524 The pound traded near $1.3524, but it remained under pressure because the U.S. dollar stayed strong. Traders were also watching U.S. inflation, Fed rate expectations, and overall market risk.
Economic Calendar Today: Key U.S. Market Events
| Release | Forecast | Previous | Time |
|---|---|---|---|
| Retail Sales MoM (Apr) | +0.50% | +1.70% | 16:30 UAE |
| Core Retail Sales MoM (Apr) | +0.60% | +1.90% | 16:30 UAE |
| Retail Control MoM (Apr) | +0.40% | +0.70% | 16:30 UAE |
| Retail Sales Ex Gas/Autos MoM (Apr) | N/A | +0.60% | 16:30 UAE |
| Initial Jobless Claims | 205K | 200K | 16:30 UAE |
| Continuing Jobless Claims | N/A | 1,766K | 16:30 UAE |
| Import Price Index MoM | N/A | N/A | 16:30 UAE |
| Export Price Index MoM | N/A | N/A | 16:30 UAE |
| 30-Year Bond Auction | N/A | 5.046% | 21:15 UAE |
| Fed Kashkari Speech | N/A | N/A | 03:00 UAE, May 15 |
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 17.87, indicating calm market conditions.
What Traders Are Watching
- U.S. retail sales and jobless claims - Traders are watching whether consumer spending remains resilient after hotter inflation and whether labor-market data continues to support risk assets.
- Trump-Xi summit and AI-chip momentum - Markets are tracking whether U.S.-China talks can preserve the trade truce while recent U.S. clearance of H200 chip sales keeps AI-linked equities supported.
- Iran war and Brent crude risk - Any progress or failure around the Iran conflict could quickly shift oil prices, inflation expectations, Treasury yields, and Fed pricing.
“The goal of a successful trader is to make the best trades. Money is secondary.”
## Yesterday’s Market News - May 13, 2026
U.S. equities closed mixed-to-higher as technology strength pushed the Nasdaq Composite up 314.14 points (+1.20%) to 26,402.34 and the S&P 500 up 43.29 points (+0.58%) to 7,444.25, even as hotter PPI data raised inflation concerns. Brent crude fell in the previous session before edging higher today, while gold regained some ground as the dollar eased. Risk sentiment remained supported by AI momentum, but inflation, Fed expectations, and Middle East supply risk continued to cap broader confidence.
Read full recap →Sources
- Reuters - Global Markets - Asia stocks gain on AI enthusiasm as Trump meets Xi
- Reuters - Precious Metals - Gold prices edge up on weak dollar as Trump-Xi meeting, Iran war draw focus
- Reuters - Commodities - Oil edges up as investors focus on Trump-Xi meeting in Beijing
- Reuters - FX - Dollar buoyed by rate hike expectations as Trump-Xi summit underway
- Investing.com - Economic Calendar - Retail Sales, Jobless Claims, Import/Export Prices, 30-Year Bond Auction, Fed Kashkari Speech
Disclaimer
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