UK Inflation Data Due as S&P 500 Futures Rise Today

UK inflation data is due this morning as S&P 500 futures rose. As flagged in Tuesday's evening review, the S&P 500 closed 7,712.57, up 0.28 percent. Overnight S&P 500 futures last printed about 7,778, labeled overnight futures. UK CPI prints at 09:00 Cyprus (06:00 UTC). US cash opens at 16:30 Cyprus (13:30 UTC).

The Setup: Tuesday's Mixed Close Meets Firmer Overnight Futures

Tuesday's cash range was 7,668.03 to 7,748.42 (CNBC, Barron's, Morningstar). Monday's 7,731.18 high was taken. Friday's 7,756.84 high was not. October 6's 7,818.93 record close remains unrepaired. The Nasdaq Composite closed 26,424.82, down 0.02 percent. The Dow closed 52,495.88, up 1.02 percent. Housing starts printed 1.221 million and pending home sales fell to a record-low 66.0. Overnight S&P 500 futures last printed about 7,778, labeled overnight futures. Nasdaq-100 futures last printed about 29,888, up about 0.7 percent. South Korea's Kospi last printed about 5,734, up about 3.4 percent, labeled intraday. Japan's Nikkei 225 last printed about 64,916, up 1.3 percent, labeled intraday. S&P bullish trigger: a hold of overnight futures 7,778 through Friday's 7,756.84 high. Bearish trigger: a fade through Tuesday's 7,712.57, then Monday's 7,690.73.

Story of the Day: UK CPI Prints at 09:00 Cyprus

The Office for National Statistics still marks the September consumer-price release as not yet published ahead of 09:00 Cyprus (06:00 UTC). Consensus is 3.4 percent headline and 2.7 percent core, against August's 3.1 percent and 2.6 percent (CME Econoday). Tuesday unemployment printed 4.7 percent, below the 5.0 percent forecast (ONS). A core print at 2.9 percent would reopen talk of a 2026 Bank of England hike after the September 6-3 hold at 3.75 percent. A headline at 3.1 percent or below with core at 2.5 percent would look contained. Governor Andrew Bailey speaks at 16:00 Cyprus (13:00 UTC). Catch up: Tuesday's morning analysis.

SpaceX Earnings Lift Asia After Tuesday's Chip Slide

SpaceX reported third-quarter revenue of 14.6 billion dollars, up 161 percent, and net income of 4.4 billion against a year-earlier loss (Yahoo Finance). Adjusted earnings were 0.35 dollars a share against about 0.15 seen. Shares rose about 5 to 8 percent after hours. Super Micro Computer jumped about 15 percent after a preliminary beat. That pulse reversed Tuesday's Seoul slide: Samsung Electronics last printed about 7 percent higher and SK hynix about 6 percent, while Elice hit the 29.9 percent daily limit (AP). The Kospi remains open until 09:30 Cyprus (06:30 UTC). Netflix printed revenue of 12.87 billion and earnings of 0.87 dollars a share, but fourth-quarter revenue guidance of about 13.4 billion sat below about 13.5 billion (AP). Shares fell about 5 percent after hours. Chip bullish trigger: a hold of Kospi 5,734 through Monday's 5,768.01. Bearish trigger: a fade through Tuesday's 5,552.74, then Tuesday's 5,493.24 low.

Oil Holds Near $99 After Hormuz Tanker Claims

West Texas Intermediate last printed about 98.91 dollars (OilPriceAPI at 05:21 UTC), with the Financial Times at 98.92, against Tuesday's December settle of 97.82 (Morningstar / Dow Jones). The November contract expired at 101.79. Brent last printed about 110.12 dollars. Iran's Revolutionary Guards said two or three tankers struck naval mines in the Strait of Hormuz on Tuesday. EIA inventories land at 17:30 Cyprus (14:30 UTC), after last week's 8.6 million-barrel draw. Spot gold last printed about 4,127 dollars (TradingView), a drift under the 2 percent bar. Key support remains 4,100. Oil bullish trigger: a hold of about 98.91 through about 99.26. Bearish trigger: a slip through Tuesday's 97.82 settle. Gold bullish trigger: a reclaim of about 4,145. Bearish trigger: a slip through 4,100.

Bitcoin Last Printed $82,707 at the 21 EMA

Bitcoin last printed about 82,707 dollars (TradingView). MyTrade sat at 82,796 at 05:00 UTC and OKX at 82,922, all under 1 percent apart. Session range 81,102 to 83,335. Tuesday evening last printed about 82,489. The 21 EMA near 82,700 is the key reference being tested. Range low 80,400 is next. Thursday's about 79,800 remains the floor. Ether last printed about 2,447 dollars. BTC bullish trigger: a hold of 82,700 through the range high near 84,400. Bearish trigger: a slip through 80,400, then 79,800.

What's Next: Bailey, EIA, Then Tesla and Meta After the Close

UK CPI prints at 09:00 Cyprus (06:00 UTC). US cash opens at 16:30 Cyprus (13:30 UTC). Bailey speaks at 16:00 Cyprus (13:00 UTC). EIA crude inventories follow at 17:30 Cyprus (14:30 UTC). ECB President Christine Lagarde speaks at 19:00 Cyprus (16:00 UTC). Tesla, Meta, IBM and Texas Instruments report after the close at 23:00 Cyprus (20:00 UTC). Meta's call is at 23:30 Cyprus (20:30 UTC); Tesla's is at 00:30 Thursday Cyprus (21:30 UTC). Calendar consensus puts Meta EPS about 6.31 to 6.35 dollars on revenue about 64.6 billion, and Tesla EPS about 0.21 to 0.45 dollars. The Fed remains in blackout through October 29 ahead of the October 27-28 FOMC. Docket: the calendar and the week ahead. Scenarios to watch, not a recommendation.

For live prices see the ThriveInMarkets homepage. None of the above is a recommendation to buy or sell any asset. US cash closes are Tuesday, October 20, 2026. Overnight futures, gold, oil, Bitcoin, Ether, Kospi and Nikkei are Wednesday, October 21, 2026.