Public Markets 3h Briefing
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Last updated: May 30, 2026, 8:30 PM ET
Public Markets
Asurge in aluminum prices propelled China Hongqiao's Zhang Bo to a $48 billion fortune, while aluminum futures rose 2.9% amid supply constraints. Meanwhile, oil futures slipped 1.3% in early Asian trade as OPEC+ signaled potential output increases, and gold held near $2,340/oz as a weakening dollar offset risk-on sentiment.
Fixed Income
Japanese government bonds extended gains tracking overnight Treasury rallies as traders priced in a September Fed rate cut, while U.S. airline bonds weakened after jet fuel costs spiked 8% on Middle East supply fears, and Chicago's planned muni bond sale is testing investor appetite amid geopolitical uncertainty.