In today’s episode of Market Brief – After Hours, markets lose momentum as rising oil prices, mixed US economic data, and persistent geopolitical uncertainty weigh on investor sentiment. Equities pull back following a brief relief rally, while inflation concerns resurface amid renewed pressure from energy markets.
We break down the divergence in US PMI data, with manufacturing surprising to the upside while services activity slows to its weakest pace in nearly a year, highlighting uneven economic momentum. Treasury yields move higher as markets reassess inflation risks, driven in part by the rebound in crude prices.
Across global markets, Europe closes higher despite weak regional data, while Asia advances on easing inflation signals in Japan and strong performance in South Korea and India. The episode also covers detailed Forex technical analysis across EUR/USD, GBP/USD, and AUD/USD, alongside moves in Gold and Silver as both metals attempt to stabilise after recent volatility.
In equities, we highlight major movers including sharp declines in Circle, Estee Lauder, and SAP, alongside strong gains in Applied Optoelectronics, Netgear, Corning, and Lumentum.
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