Public Markets 3 Days

Last updated: June 13, 2026, 11:30 PM ET

Energy & Commodities

Oil futures slipped 1.3% in early Asian trade as OPEC+ signaled potential output increases, while gold held near $2,340 as a weakening dollar offset risk-on sentiment. A surge in aluminum prices pushed China Hongqiao's Zhang Bo past the $48 billion mark, cementing his position among Asia's wealthiest industrialists.

Fixed Income

Japanese government bonds extended gains tracking overnight Treasury rallies as traders increasingly price in a September Fed rate cut. Meanwhile, 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.

Equities & Markets

SpaceX's IPO debut injected $118 million into markets as retail investors flooded trading platforms, though SpaceX stocks tumbled as investors rushed to buy shares, triggering selloffs in rival space firms. South Korea's stock market neared MSCI inclusion after volatile weeks, with traders pricing in a potential upgrade after years of lobbying.

Technology & AI

The Trump administration restricted access to Anthropic's AI models after cutting off foreign access to its latest systems, sparking a fresh round of geopolitical tensions. Meanwhile, Google's AI overhaul coincided with the World Cup's North American debut, as tech giants race to dominate AI-driven markets.

Geopolitics & Trade

U.S.-Iran tensions sparked skirmishes near the Strait of Hormuz, though a potential deal looms as Pakistan signals a 24-hour finalization timeline. South Africa's credit upgrades signal cautious optimism about restoring investment-grade status, while UK power prices turned negative as renewables flood the grid.

Regulatory & Legal

The CFTC considered blocking CME's 24/7 oil contract bid, heightening tensions between market stalwarts and regulators. Adobe shifted to freemium AI offerings to prioritize user growth over short-term revenue, while Citi rolled out tokenized shares for private companies, signaling broader institutional adoption.

Economic Indicators

U.S. headline inflation hit 4.2%, the highest since April 2023, as energy prices and AI spending strain household budgets. The Fed and BOE remained guarded after 100 days of Iran war volatility, weighing inflation against growth risks.

Notable Developments

A SpaceX engineering secret traces to a Cornell car-racing team, while Trump's nominee for intelligence chief drew scrutiny over past legal ties. Meanwhile, Bitcoin's rebound reignited speculation about AI and SpaceX IPOs influencing crypto markets.

Global Context

European stocks flirted with record highs as U.S.-Iran deal hopes eased energy fears, while Korea's pension fund caused stock swings after suspending rebalancing. The ECB signaled a rate hike as inflation pressures from the Iran conflict persist.

Notable Quirks

Kalshi's CEO linked celebrity gossip to prediction markets, while SpaceX's IPO now dominates 401(k) portfolios. Amidst it all, Trump's legal team continues reshaping his administration's trajectory.

Final Note

With SpaceX's dominance shaping markets and geopolitical tensions simmering, investors remain laser-focused on AI, energy, and the evolving U.S.-Iran dynamic.