Public Markets 3 Hours

Last updated: May 14, 2026, 11:30 PM ET

Commodities & Energy

Copper extended its retreat as US inflation accelerated, dampening rate-cut expectations and boosting the dollar. Oil prices climbed amid Strait concerns as global inventories fell at a record pace, while India’s state refiners raised fuel prices for the first time in four years to curb losses and tame demand.

Currencies & Equities

Asian currencies mostly weakened against the dollar as traders monitored the Trump-Xi summit. India’s rupee defense gained credibility with plans for a foreign-bond tax cut, bolstering stock bulls. JPMorgan hiked its Taiex target to 50,000, citing Taiwan as the “most pure-play” AI buildout exposure.

Geopolitics & Policy

The Trump-Xi meeting in Beijing highlighted a trade war stalemate after years of tensions. Meanwhile, the SEC settled its Adani case as US authorities moved to end actions against the Indian tycoon, who had lobbied the Trump administration and pledged billions in US investment.

Fixed Income & Inflation

Japan’s corporate goods prices surged by the most since 2014, reinforcing BOJ hike signals amid Iran-war inflation pressures. The dollar’s strength pressured copper, while milder inflation data elsewhere kept alive hopes for a September Fed rate cut, supporting global bond rallies.