UK Inflation Surges 3.3% as Brent Breaks $100 and S&P 500 Hits Record

On today's episode of Market Brief – After Hours, Brent crude broke above $100 for the first time as the Strait of Hormuz naval blockade tightened, UK inflation jumped to 3.3% with heating oil surging an extraordinary 95%, and yet the S&P 500 and Nasdaq both closed at fresh all-time highs powered by a corporate earnings season where over 80% of companies are beating expectations. Germany halved its 2026 growth forecast to just 0.5%, eleven Eurozone countries are breaching EU deficit limits, and Bitcoin broke above $78,000 on a $330 million short squeeze. We break down the full picture across global equities, oil, EUR/USD, GBP/USD, USD/JPY, USD/CHF, and today's biggest movers including GE Vernova, ServiceNow, Boeing, Sonoco, and Tesla. Hosted on Acast. See acast.com/privacy for more information.