In today’s episode of Market Brief – After Hours, markets slide as a powerful surge in oil prices collides with a shockingly weak US jobs report, fuelling fresh fears of stagflation. The S&P 500, Dow Jones and Nasdaq all retreat as investors digest the largest weekly jump in crude oil prices in decades amid the escalating US-Israel conflict with Iran. Rising energy costs and slowing employment growth create a difficult backdrop for the Federal Reserve, raising new questions about whether the global economy can absorb both inflation pressure and weakening demand.
We also examine the sharp divergence across global markets, including heavy losses across Europe and extreme volatility in Asia, particularly in South Korea. The episode covers the impact of soaring oil prices on currencies such as EUR/USD, GBP/USD and USD/CAD, the continued strength in Gold, weakness in Bitcoin and broader crypto markets, and the major corporate movers including Marvell Technology’s AI-driven rally, Boeing’s potential aircraft deal with China, and declines in Gap, Nutex Health, and BlackRock amid liquidity concerns.
","author_name":"Arshia Hadidi"}