FTSE 100 Falls as Wall Street Pulls Back From Records

On today's episode of Market Brief – After Hours, the FTSE 100 plunged 1.44% as UK local election results delivered a damaging blow to Keir Starmer's Labour government, while Wall Street retreated from record highs on broad profit-taking in tech and semiconductor names. Oil swung nearly 5% intraday — initially collapsing on hopes of a US-Iran breakthrough before sharply recovering after Tehran rejected the proposal and hostilities escalated, pushing Treasury yields higher on renewed inflation fears. We break down the full picture across global equities, EUR/USD, GBP/USD, USD/JPY, gold, silver, and today's biggest movers including Datadog surging 31%, Fortinet jumping 20%, and both Insmed and Zoetis crashing over 20% on weak guidance. Hosted on Acast. See acast.com/privacy for more information.