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The Daily Briefing · Friday, September 11, 2026
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U.S., Iran Gulf War Sends Brent Crude Near $108
Iran has fired ballistic missiles at U.S. Navy warships and commercial tankers transiting the Persian Gulf in direct state, on, state combat
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Also today
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BHP: Copper Tops Iron Ore for First Time in FY2026
Copper EBITDA hit $18.2 billion in FY2026, accounting for 54% of BHP's group total, a first in the company's history.
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Energy Leads S&P 500 in 2026 as WTI Tops $104
The energy sector has surged 43% year, to, date, the only S&P 500 segment avoiding Friday's broad selloff as WTI crude oil holds above $104 per barrel.
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Gold Steadies Near $4,350 Ahead of CPI Data
Spot gold trades at $4,347.78 per troy ounce on September 11, with GLD down 6.16% year, to, date despite a 19.34% annual gain.
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Nikkei Slides 2.7% as Yen Surge Hits Japan Exports
Nikkei 225 closed below 63,500 Friday for its third consecutive decline, erasing more than $100 billion in Japanese market value.
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More headlines
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August CPI at 3.4% Keeps Interest Rates on Course
August CPI printed at 3.4% year, over, year, landing precisely on consensus and delivering no downside surprise to cool rate expectations
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US 10, Year Yield Nears 5% in Global Bond Selloff
The US 10, year Treasury yield reached 4.96% Friday, its highest reading since 2023, driven by a synchronized global bond selloff.
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China Resumes Crude Buying as Oil Tops $100 a Barrel
China's state buyers re, entered global crude markets after a deliberate pullback following the February 2026 Iran war eruption
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RH Q2 EPS Stuns at $2.70, Crushing $0.39 Forecast
RH (RH) reported Q2 adjusted EPS of $2.70, shattering the $0.39 Wall Street consensus by $2.31 per share, the widest margin beat in recent company history.
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Kroger Q2: Foran's First Earnings Test
Kroger Q2 adjusted EPS beat the $1.05 analyst consensus while revenue fell short of the $34.68 billion estimate.
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August CPI Tests the Fed Before September Rate Decision
Street consensus places August headline CPI at +0.4% MoM and +3.4% YoY, with core at +0.4% MoM and +2.4% YoY.
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Intel INTC Drops 5.7% as Oil and Yields Shake Chip Rally
Intel (INTC) fell 5.7% on September 10, erasing a portion of its near, 190% year, to, date gain as profit, taking hit an overextended sector.
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Market briefs
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From the startup desk
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Video of the day
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Antimony
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The Daily Briefing from Pomegra. Market news, educational content only. Nothing here is investment advice.
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