Markets are closed today—this space returns Monday with your full premarket brief.
Saturday, June 13, 2026. US equity markets are closed for the weekend. Friday's session saw modest losses across major indices as traders digested persistent inflation concerns and ongoing Middle East tensions. WTI crude settled around $84-85 per barrel Friday, down sharply from recent highs as traders grew more confident about potential diplomatic progress between the US and Iran, though the situation remains fluid with significant supply disruption risk still embedded in the market.
The dollar has held firm through early June on sticky inflation data, with Treasury yields elevated as markets recalibrate Fed rate-cut expectations. Unemployment remains at 4.3% per April's report, and consensus is watching for any shifts in the Fed's June 16-17 FOMC meeting stance. Iran tensions continue to dominate energy market psychology—reports from the Oxford Institute for Energy Studies and IEA through March highlighted potential losses exceeding 10 million barrels per day if Strait of Hormuz flows remain disrupted, though recent weeks have seen some easing in crisis rhetoric.
Gold traded around $4,240 Friday, holding near elevated levels as geopolitical risk premium persists. Natural gas futures were relatively quiet near $3.14. Agricultural markets saw soybeans flat around $11.13. The complex remains split between energy's geopolitical bid and metals consolidating after sharp rallies earlier this year.
On Deck Next Week
- Fed FOMC meeting June 16-17—markets watching for any shift in rate-cut timeline given persistent inflation readings.
- Continued monitoring of Middle East diplomatic developments and potential impact on oil supply routes.
- Key economic data releases to be confirmed on Sunday's calendar updates.