This content was published on
August 13, 2026 - 12:29
3 minutes
(Bloomberg) — Treasuries advanced and stocks traded near record highs as oil prices fell and traders awaited US producer-price data for further clues on the path of Federal Reserve interest rates.The yield on 10-year Treasuries dropped three basis points to 4.67%. Futures on the S&P 500 rose 0.2%, while contracts on the tech-heavy Nasdaq traded flat. Cisco Systems Inc.’s shares dropped 6.4% in premarket trading after earnings failed to impress.Attention later in the day will turn to producer price data, which can serve as a leading indication of consumer inflation. Traders will also be watching the results of a 30-year Treasury auction, with the $25 billion offering tipped to price at the highest interest rate in 25 years.“Things are going to get much more expensive, and that’s going to be a challenge for central banks going forward,” said Michael Hewson, a senior market analyst at iForex.Headline PPI likely grew 0.2% in July, but Bloomberg Economics expects details in the report to show pockets of easing inflationary pressure.Brent crude slipped to about $87 a barrel on Thursday. It’s still far from erasing a 12% surge in the previous six days as a deal between the US and Iran to reopen the Strait of Hormuz remains out of reach.Kospi BullsIn Asia, a revival in the global AI trade pushed South Korean stocks into a technical bull market, marking a dramatic turnaround from last month’s historic rout.The benchmark Kospi gained 3.6% on Thursday, extending its rise from a July 30 low to around 22%. Heavyweight memory chipmakers Samsung Electronics Co. and SK Hynix Inc. drove the advance, each jumping more than 5%.Elsewhere, the yen traded steady around 159.33 per dollar. That came after Prime Minister Sanae Takaichi’s government was supportive of a near-term rate hike by the Bank of Japan, with the next move likely either in September or October, according to people familiar with the matter.Corporate Highlights:Anthropic PBC is in talks to buy the artificial intelligence startup Decart AI for about $6 billion, according to people familiar with the matter. DeepSeek has set up an official social media account and posted job listings for a new team focused on helping develop artificial intelligence agents that can take on services like Anthropic PBC’s popular Claude Code. Maersk boosted its underlying Ebitda guidance for the full year; the guidance beat the average analyst estimate. Some of the main moves in markets:StocksS&P 500 futures rose 0.2% as of 6:24 a.m. New York time Nasdaq 100 futures rose 0.2% Futures on the Dow Jones Industrial Average rose 0.2% The Stoxx Europe 600 rose 0.2% The MSCI World Index was little changed CurrenciesThe Bloomberg Dollar Spot Index was little changed The euro was little changed at $1.1536 The British pound was little changed at $1.3496 The Japanese yen was little changed at 159.33 per dollar CryptocurrenciesBitcoin was little changed at $63,572.62 Ether was little changed at $1,883.95 BondsThe yield on 10-year Treasuries declined two basis points to 4.67% Germany’s 10-year yield declined one basis point to 3.15% Britain’s 10-year yield was little changed at 4.96% CommoditiesWest Texas Intermediate crude fell 0.6% to $82.07 a barrel Spot gold fell 0.5% to $4,384.82 an ounce This story was produced with the assistance of Bloomberg Automation.–With assistance from Elaine Lai, Aya Wagatsuma and Anand Krishnamoorthy.©2026 Bloomberg L.P.
