Market Overview August 11: Brent Breaks $89 Due to Hormuz Strait, Gold at $4,400, and Markets Hold Steady Before US CPI

Global markets are trading cautiously ahead of the release of July inflation data in the US. Additional pressure is created by rising oil prices amid tensions surrounding the Hormuz Strait. Expensive energy amplifies inflation risks and may influence the Fed's future policy.

Wall Street stock market trading chart tech sector decline S&P 500 Dow Jones Nasdaq

Calm Before the Records: Wall Street Slips, Asia and Europe Remain Cautious

US: American indices are holding near record levels but finished the session with a slight pullback. Sell-offs in tech were offset by gains in the energy sector following commodity markets.

S&P 5007,753.11 (-0.1%)

Dow Jones53,975.98 (-0.1%)

Nasdaq Comp26,605.36 (-0.3%)

Europe and Asia: DAX and CAC 40 symbolically added 0.1–0.2%, FTSE 100 remained at 10,865 amid concerns over energy costs. In Asia, Hang Seng dropped by 0.5–0.6%, and the Tokyo exchange was closed due to a holiday.

Oil tanker strait of hormuz brent crude price jump 89 dollars gold bullion bars 4400 dollars

Brent Soars to $89, Gold Storms Towards $4,400

Oil: Commodity prices are showing a confident rise: Brent has climbed to $88–89 per barrel, WTI has exceeded $82. Drivers include stalled negotiations between the US and Iran and risks to shipping in the Hormuz Strait.

Gold: Safe-haven assets are in high demand: gold is trading in the range of $4,365–4,400 per troy ounce due to geopolitical background and uncertainty surrounding Fed decisions.

US Dollar Index DXY forex market USD JPY 159 treasury yields 10 year bond 4.72 chart

US 10-Year Yields Rise to 4.72%, Yen Falls Above 159

Currencies and Rates: DXY is steady at 99.7 points ahead of the inflation release. The USD/JPY pair has exceeded 159.00, nearing the threshold for new interventions. The Reserve Bank of Australia maintained the rate at 4.35%.

Bonds: The yield on 10-year US Treasuries rose to 4.72% due to concerns that the spike in oil prices will prolong inflationary pressure.

Key Factors of the Day:

Factor	Market Impact
US CPI	The main trigger of the week: high figures will strengthen hawkish expectations from the Fed, weak ones will support stocks and lower yields.
Hormuz Strait	Geopolitics surrounding Iran continues to drive oil prices and transmit inflation risks.
Central Banks	The RBA's decision to maintain the rate (4.35%) while keeping a hawkish tone due to the threat of renewed price increases.

Summary: The market is in wait mode. American indices are holding around record levels, but rising oil and yields limit further movement. Gold remains strong, the dollar is stable, and the main event for the markets is the release of inflation data in the US.