# Daily Global Market Summary - 12 August 2020 | S&P Global

> Global equities closed higher on August 12, with the S&P 500 near a record high. US and European government bonds sold off for a second day, and crude oil rose 2.5% to $42.67 per barrel. Gold closed slightly higher at $1,949 per ounce, and US CPI rose 0.6% in July with energy up 2.5%.

- Date: 2020-08-12 · published 2020-08-12T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/10686-daily-global-market-summary-12-august-2020-s-and-p-global
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher energy prices and a rebound in crude raise input and freight costs for feed producers, while broader macro moves affect currencies and commodity financing.

## Read by commodity

- DXY: neutral
- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-11-09 | [OIL FUTURES: Oil prices surge as market eyes COVID-19 vaccine breakthrough \| S&P Global](https://feedsoft.ai/events/11792-oil-futures-oil-prices-surge-as-market-eyes-covid-19-vaccine-breakthrough-s-and.md) | +8.0% | +23.5% |
| WTI | 2017-11-03 | [US crude closes at highest level since 2015 as growing global demand supports market](https://feedsoft.ai/events/68147-us-crude-closes-at-highest-level-since-2015-as-growing-global-demand-supports.md) | +4.8% | +7.0% |
| WTI | 2017-09-27 | [Global trade upturn aids oil market rebalancing: Kemp](https://feedsoft.ai/events/69114-global-trade-upturn-aids-oil-market-rebalancing-kemp.md) | -2.4% | +1.3% |
| WTI | 2026-07-17 | [Global Rice Benchmark Surges 20% in Largest Spike Since 2008…](https://feedsoft.ai/events/9565-global-rice-benchmark-surges-20-in-largest-spike-since-2008.md) | +16.5% | +3.3% |
| WTI | 2021-09-22 | [Daily summary: Fed projects interest-rate hike next year \| XTB](https://feedsoft.ai/events/44966-daily-summary-fed-projects-interest-rate-hike-next-year-xtb.md) | +6.9% | +17.8% |
| BRENT | 2020-11-09 | [OIL FUTURES: Oil prices surge as market eyes COVID-19 vaccine breakthrough \| S&P Global](https://feedsoft.ai/events/11792-oil-futures-oil-prices-surge-as-market-eyes-covid-19-vaccine-breakthrough-s-and.md) | +8.7% | +26.9% |
| BRENT | 2017-11-03 | [US crude closes at highest level since 2015 as growing global demand supports market](https://feedsoft.ai/events/68147-us-crude-closes-at-highest-level-since-2015-as-growing-global-demand-supports.md) | +5.8% | +4.7% |
| BRENT | 2017-09-27 | [Global trade upturn aids oil market rebalancing: Kemp](https://feedsoft.ai/events/69114-global-trade-upturn-aids-oil-market-rebalancing-kemp.md) | -5.1% | -1.7% |

## Sources

- prod.azure.ihsmarkit.com: https://prod.azure.ihsmarkit.com/marketintelligence/en/mi/research-analysis/daily-global-market-summary-12-august-2020.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.