A look at the day ahead in European and global markets |
|
|
By Rocky Swift, Chief Correspondent Japan Markets |
|
|
With much of Asia shut for Lunar New Year holidays, all eyes turned to the Middle East on hopes that talks between the U.S. and Iran will de-escalate geopolitical tensions. Oil prices were higher and gold fell after U.S. President Donald Trump said that he would be involved "indirectly" in talks over Tehran's nuclear program set for Tuesday in Geneva, adding he believed Tehran wanted to make a deal. |
|
|
People walk past an anti-US billboard on a street in Tehran, Iran, February 5, 2026. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS/File Photo |
Mainland Chinese, Hong Kong, Singapore, Taiwan and South Korea markets were closed, keeping activity subdued in financial markets following a break in the U.S. for Presidents' Day. With few catalysts on the day, traders looked ahead to other key data points this week, including Fed minutes on Wednesday and U.S. GDP figures on Friday. |
|
|
Inflation not going away? |
Britain, Canada and Japan are also due to publish inflation data this week. These price readings have become even more crucial for markets after the Reserve Bank of Australia earlier this month became the first major central bank, excluding Japan's special case, to raise rates after the post-COVID easing cycle. The RBA said on Tuesday it had concluded inflation would stay stubbornly high if it had not hiked interest rates. In early European trades, the pan-region Euro Stoxx 50 futures were down 0.35% to 5,975, German DAX futures slid 0.39% to 24,774, and FTSE futures lost 0.18% to 10,422. U.S. stock futures, the S&P 500 e-minis , were down 0.46% at 6,819. |
Graphics are produced by Reuters. |
|
|
Key developments that could influence markets on Tuesday: |
- Earnings from Kerry Group, InterContinental Hotels, Carrefour SA
- Germany CPI final for January- ZEW surveys for euro zone
- Germany- UK jobs data- Debt: reopening of 2-year debt auction in Germany, reopening of 2-year and 6-year auctions in the UK
|
|
|
Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. |
|
|
| | | | | Morning Bid is sent every weekday morning. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. Want to stop receiving this email? Unsubscribe here. To manage which newsletters you're signed up for, click here. This email includes limited tracking for Reuters to understand whether you’ve engaged with its contents. For more information on how we process your personal information and your rights, please see our Privacy Statement. Terms & Conditions | | | | | © 2026 Thomson Reuters. All rights reserved.
3 Times Square, New York, NY 10036 | | | |
|
|
|
No comments:
Post a Comment