Global Morning Briefing — 2026-06-13
U.S. markets saw mixed results last week, with oil prices dropping over 3% following SpaceX’s IPO and progress in Middle East peace talks. With the Fed signaling potential rate hikes and ongoing trade tensions with China, investors should keep a close watch on global economic slowdown concerns and oil market volatility.
Global Morning Briefing — 2026-06-13
Market Snapshot at a Glance
| Indicator | Close/Current | Change |
|---|---|---|
| S&P 500 | 7,405.73 | +0.30% |
| Nasdaq Composite | 25,806.20 | -0.13% |
| Dow Jones | 50,786.01 | -0.16% |
| Russell 2000 | Data not provided | — |
| 10-Year U.S. Treasury | Rising trend | — |
| Dollar Index (DXY) | Data not provided | — |
| WTI Crude Oil | Over -3% | Positive signs in Middle East peace talks |
| Gold | Data not provided | — |
| Bitcoin | Data not provided | — |
U.S. Market Closing Review
U.S. markets showed mixed performance last week. While the S&P 500 posted a modest gain to close at 7,405.73, the Nasdaq Composite and the Dow Jones fell by 0.13% and 0.16%, respectively. Continued weakness in tech stocks and volatility in the semiconductor sector dominated market movement.
Within the S&P 500, 24 stocks hit 52-week highs compared to 11 hitting new lows. On the Nasdaq, advancing issues outnumbered decliners by a 1.83-to-1 ratio (3,082 to 1,681), yet the index showed signs of fading momentum with 100 new highs versus 92 new lows.
Tech sector weakness persisted throughout the week, with semiconductor-related concerns weighing heavily on the market. However, the market debut of SpaceX provided some support to the tech sector on Friday, and a sharp decline in oil prices, driven by positive signals in Middle East peace negotiations, fueled a broad rebound.
Dow claims record closing high, S&P 500 advances; chip selloff weighs on Nasdaq | Reuters
Wall St ends modestly higher as AI zeal overcomes Middle East jitters | Reuters
S&P 500, Nasdaq rise as tech, chipmakers rebound | Reuters
S&P 500 ends down as chip stocks give up gains | Reuters
Today’s Key Stocks
Top Gainers
- SpaceX (Private to Public) — IPO supports tech sector: Elon Musk’s aerospace company went public this week, building on the high valuation it held while private. Prospects for collaborative projects with firms like Tesla and Boeing are being viewed positively.
Top Losers
- Semiconductors (General) — Continued weekly weakness: Semiconductor stocks, including Broadcom, fell due to concerns over supply and demand, as well as lackluster performance.
Macro & Economic Indicators
-
Middle East Peace Progress: Signals of a ceasefire between Iran and the U.S. sent oil prices down over 3%, temporarily easing concerns over energy inflation. However, negotiations regarding the resumption of oil tanker traffic in the Strait of Hormuz remain ongoing.
-
Strong U.S. Employment Data: Non-farm payroll data released this week significantly exceeded expectations, increasing the likelihood of Federal Reserve rate hikes and pushing the 10-year Treasury yield into an upward trend.
-
Monetary Policy Signals: Fed Governor Kevin Warsh has hinted at the need for further rate hikes, and the $31 trillion U.S. Treasury market is already pricing in potential increases.
Top Global News (by market impact)
Middle East Peace Progress, Oil Prices Drop Over 3%
- What happened: Geopolitical tensions in the Middle East have eased as Iran and Israel announced a halt to hostilities. WTI crude fell more than 3%, and the possibility of reopening tanker routes in the Strait of Hormuz has increased.
- Market implications: Lower oil prices reduce the energy import burden for South Korea and are positive for export competitiveness. However, global oil price volatility is expected to continue.
Oil price movements amid Iran-Israel ceasefire signals
Dow claims record closing high, S&P 500 advances; chip selloff weighs on Nasdaq | Reuters
Wall St ends modestly higher as AI zeal overcomes Middle East jitters | Reuters
S&P 500, Nasdaq rise as tech, chipmakers rebound | Reuters
S&P 500 ends down as chip stocks give up gains | Reuters
World Bank Lowers Global Growth to Post-COVID Lows Due to Middle East Conflict
- What happened: The World Bank’s "Global Economic Prospects" report predicts that the Middle East conflict will slow the global economy by driving up oil prices, deepening inflation, and increasing borrowing costs.
- Market implications: Growth forecasts for emerging Asian economies are likely to be downgraded, raising concerns about weakened export demand for South Korea.
EU Explores Strategy to Counter China’s "Second Shock"
- What happened: EU leaders are considering stronger anti-dumping and trade policies in response to China’s $1.2 trillion trade surplus. German Chancellor Merz is maintaining a cautious stance due to fears of Chinese retaliation.
- Market implications: Intensifying global protectionism could negatively affect South Korean exporters, particularly in the automotive, semiconductor, and chemical sectors. Prolonged EU-China tensions could also trigger further supply chain restructuring.
EU-China trade tensions amid industrial competition
Dow claims record closing high, S&P 500 advances; chip selloff weighs on Nasdaq | Reuters
Wall St ends modestly higher as AI zeal overcomes Middle East jitters | Reuters
S&P 500, Nasdaq rise as tech, chipmakers rebound | Reuters
S&P 500 ends down as chip stocks give up gains | Reuters
Delay in Strait of Hormuz Tanker Talks Keeps Oil Volatile
- What happened: Despite the Iran-Israel ceasefire, talks to reopen oil tanker traffic in the Strait of Hormuz are stalling. Global oil inventories have dropped to dangerous levels, fueling fears of future price spikes.
- Market implications: A sudden surge in oil prices could shock global financial markets and act as an inflationary pressure, raising import costs for South Korea.
South Korea Market Checkpoints
The weakness in U.S. tech stocks and concerns over Fed rate hikes are expected to directly impact large multinational corporations in South Korea. The decline in the semiconductor and display sectors may also ripple into downstream industries such as secondary batteries and automobiles. Despite the partial easing of Middle East tensions, strong signals of a global economic slowdown suggest that the KOSPI will face downward pressure, particularly in tech-heavy stocks. While the weakening of the won generally benefits exporters, the risk of foreign capital outflows remains a concern.
Watch List
- Economic Indicators/Events: Upcoming release of the University of Michigan Consumer Sentiment survey.
- Earnings: Assessment of profitability for aerospace and defense companies following the SpaceX IPO.
- Fed/Policy Events: Impending release of the FOMC minutes, which may provide further signals on potential rate hikes.
- Risk Factors: (1) Sharp spikes in oil prices if Strait of Hormuz transit negotiations collapse; (2) Further global growth downgrades driven by signs of an economic slowdown in China.
Investor Action Items
-
Morning Session Strategy: Monitor the interplay between increased demand for defensive stocks (utilities, consumer goods) due to Middle East peace signals and the continued weakness in tech. Check for potential profit-taking if the semiconductor/display sectors fail to stabilize.
-
Sectors/Stocks to Watch: (1) Watch for further declines in major semiconductor and display companies (Samsung, SK Hynix, LG Display); (2) Assess the rebound potential of stocks benefiting from lower energy import costs (e.g., oil refiners).
-
Risk Management: Prepare for the possibility of lower earnings from multinational corporations as signs of a global economic slowdown mount, and verify your portfolio’s diversification in light of increased oil price volatility.
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
Powered by
