Market Information Wednesday 13 May 2026

Asia-Pacific markets traded mixed as investors weighed higher than expected U.S. inflation against renewed Middle East tensions, with Trump describing the month-old ceasefire with Iran as “unbelievably weak” and rejecting Tehran’s latest counterproposal. Oil futures extended losses, with WTI falling 1.18% to $100.97 per barrel and Brent down 1.16% to $106.52. Markets also follow the upcoming Trump-Xi meeting, where trade is expected to dominate discussions.

Emerging market portfolio flows rebounded to $58.3 billion in April, reversing most of the $66.2 billion outflow recorded in March when the Iran war rattled markets, according to IIF data. The recovery was led by fixed income, with emerging market debt drawing $51.9 billion, while ex-China debt inflows reached nearly $50 billion. The IIF cautioned however that the rebound did not signal a full return to pre-crisis optimism, warning that “immediate funding stress has eased” but “the underlying shock has not been absorbed.”

Spot gold fell 0.3% as stronger-than-expected U.S. inflation data dimmed hopes for Fed rate cuts, with markets now pricing a 30% chance of a rate hike by December according to CME FedWatch. Traders largely priced out rate cuts this year. India’s decision to raise gold and silver import tariffs to 15% from 6% pushed domestic futures higher, adding a further headwind to global gold demand.

The 6M Euribor increased with 2 basis points to 2.49% compared to previous business day. The 10Y Swap increased with 6 basis points to 3.13% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.