🌏 Asia — Mixed. Nikkei +0.22%, Kospi +1.21%, Hang Seng flat, ASX 200 -0.26%, CSI 300 -0.34%. All eyes on the Trump-Xi summit now underway in Beijing.
📊 Wall Street (May 12 close) — S&P 500 -0.16% (~7,392), Nasdaq -0.71%, Dow +0.11%. Stocks retreated from records as hot inflation data and a chipmaker selloff hit sentiment.
🔥 US CPI (April) — Headline inflation jumped to 3.8% YoY (highest since May 2023), beating the 3.7% forecast. Core CPI 2.8% YoY. Energy +17.9%, gasoline +28.4%. Real wages fell 0.5% monthly. Fed rate cuts are fully off the table — markets now pricing a 70%+ chance of a hike by early 2027.
🛢️ Oil — WTI ~$101/bbl. Trump declared the US-Iran ceasefire on “massive life support,” keeping the Strait of Hormuz effectively closed. Saudi Aramco warns ~100 million barrels/week in supply is being lost.
🪙 Gold — ~$4,690/oz, pressured by a firmer dollar post-CPI. Up ~43% year-on-year despite the pullback.
💱 Forex — Dollar strengthened on CPI. EUR/USD holding below 1.1800. GBP/USD slipped to ~1.3511.
₿ Bitcoin — ~$80,500–81,200, up ~7% on the week and ~16% on the month. Holding firm despite risk-off pressure.
👁️ Watch — Trump-Xi summit (trade, Iran, Taiwan, AI) + EIA crude inventory data today.
⚠️ Not investment advice. Trading involves significant risk.
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🌅 NordFX Morning Update | May 13, 2026 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.