Daily Market Report – April 13, 2026
Today's trading was clearly marked by the new oil and geopolitical shock. After talks between the US and Iran failed and Washington announced a blockade of Iranian ports and traffic around the Strait of Hormuz, Brent jumped over $100 per barrel and WTI also returned to the triple-digit range.
In the US, a mixed picture emerged: The Dow Jones Industrial Average (TVC:DJI) declined, the S&P 500 (SPX) remained largely unchanged, while the Nasdaq Composite (NASDAQ:IXIC) gained slightly. In Europe, the STOXX 600 (TVC:SXXP) lost moderately, as did the DAX (XETR:DAX). In the bond market, prices came under pressure, while yields in the Eurozone rose significantly. The sharp increase in oil prices heightened concerns about persistent inflation and caused market participants to revise their expectations for potential interest rate cuts by the European Central Bank. The short end of the yield curve reacted particularly strongly, as reflected in rising yields on two-year German government bonds (TVC:DE02Y). But longer-dated securities, such as the ten-year German government bond (TVC:DE10Y), also saw yield increases.
Goldman Sachs (NYSE:GS) reported a strong quarter with higher profits, record-high stock trading, and a significant increase in investment banking; however, the stock came under pressure because the bond, currency, and commodity business fell short of expectations.