Market Summary - April 13, 2026

The financial markets experienced a positive turn on April 13, 2026, with US indices rebounding despite earlier losses. This shift was largely attributed to renewed hopes for US-Iran negotiations following comments from former President Donald Trump, suggesting that Iran is still interested in reaching a deal. Additionally, reports indicated ongoing dialogue between representatives of both nations, which helped alleviate market concerns.

Market Performance

• US Indices:
  • US2000 (Small-cap stocks): +1%
  • S&P 500 (US500): +0.5%
  • Nasdaq (US100): +0.5%
  • Dow Jones Industrial Average (US30): +0.3%
• European Indices:
  • Amsterdam (NED25): +0.45%
  • German DAX (DE40): +0.3%
  • Paris and London: Flat
  • Spanish IBEX35 (SPA35): -0.2%

Economic Indicators

Chicago Fed President Austan Goolsbee warned that sustained oil prices above $90 per barrel could lead to inflationary pressures across various sectors of the economy. He noted that while consumer spending is crucial, current economic conditions are negatively impacting consumer sentiment.

Corporate Earnings

Goldman Sachs reported a 3.8% decline in its shares despite exceeding Q1 earnings expectations, primarily due to strong performance in equity trading and advisory services. However, disappointing results in Fixed Income, Currencies, and Commodities (FICC) and a lower-than-expected CET1 capital ratio dampened investor enthusiasm.

Housing Market

US home sales fell more than anticipated, dropping from 4.13 million in February to 3.98 million in March, against a forecast of 4.07 million, indicating potential weakness in the housing market.

Currency and Commodities

The US dollar continued its downward trend against all G10 currencies, with the USD Index down 0.1%. Antipodean currencies performed well, with the Australian dollar (AUDUSD) up 1.1% and the New Zealand dollar (NZDUSD) up 0.9%. The Euro (EURUSD) also gained, rising 0.55% to 1.1734.

Brent crude oil prices saw a reduction in earlier gains, settling just below $100 per barrel, while precious metals like gold and silver faced pressure due to increased dollar demand, with gold trading at $4,730 per ounce, down 0.6%.

Conclusion

The market's recovery on April 13, 2026, reflects a complex interplay of geopolitical developments, corporate earnings reports, and economic indicators. Investors remain cautious but optimistic as they monitor ongoing negotiations and economic trends.