Gold $4745, oil +3% — but futures are falling. What is happening?
🌍 Global markets — overview for May 11, 2026 Global financial markets are starting the week with a moderately positive sentiment. Investors continue to monitor geopolitics, inflation, and macroeconomic data from the largest economies.
🌍 Global markets — overview for May 11, 2026
Global financial markets are starting the week with a moderately positive sentiment. Investors continue to monitor geopolitics, inflation, and macroeconomic data from the largest economies in the world.
📊 Stock markets — strength and caution
American indices maintain strong positions after a confident rise last week: the S&P 500 gained about 2%, and the technology sector continues to support the overall market risk appetite.
However, futures on the S&P 500 and Dow Jones are declining by more than 0.2% at the beginning of the week, indicating caution among market participants ahead of important economic publications.
🇨🇳 China in the spotlight
Today, investors are awaiting the release of consumer inflation (CPI) and producer inflation (PPI) data.
The report will show how resilient domestic demand remains and whether there are signs of recovery in China's economy.
🛢 Commodity market — oil and gold rise
Brent and WTI oil prices have increased by nearly 3%. Gold remains near $4745 per ounce.
Silver maintains high volatility after a recent rise.
💱 Forex market — mixed dollar
EUR/USD is trading around 1.17, GBP/USD is holding around 1.35.
The dollar shows mixed dynamics against major currencies.
⚠️ Major risks of the week
- Possible new US tariffs against the EU
- Inflation data from Europe and Asia
- Further developments in the Middle East
The market maintains a positive outlook; however, high sensitivity to news and macroeconomics continues to support increased volatility in global markets.