Oil and copper rally as inflation pressures shake markets - 12 May 2026

Prysmian Daily News Update · May 12, 2026 · 2m

As of May 12, today's features economic pressures stemming from geopolitical tensions and inflation concerns, alongside developments in leadership and market dynamics. Prime Minister Keir Starmer defied calls to resign today, telling ministers he would "get on with governing" despite a "destabilising" 48 hours of growing calls to set out a timetable for his departure after a drubbing in local elections. Meanwhile, a selloff in high-flying chipmakers drove stocks lower, which also dropped alongside bonds after key inflation data showed the impacts of energy disruptions stemming from the war in…