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US Fuel Exports Reach Record High Levels
WorldFTzerohedge6h ago2 sources

US Fuel Exports Reach Record High Levels

US fuel exports have reached record high levels, providing a significant boost for oil companies. This surge in exports occurred despite a dip in production and a substantial drain from the Strategic Petroleum Reserve.

US Launches 'Project Freedom' in Hormuz Amid Iran Tensions
BusinessReutersbloombergNYT+72wsjFTle-mondeThe GuardianAl Jazeeradr-dkFox Newscnbc+64 more1d ago75 sources

US Launches 'Project Freedom' in Hormuz Amid Iran Tensions

The US has launched "Project Freedom" to ensure navigation in the Strait of Hormuz, with Pentagon chief Hegseth stating the US will provide overwatch for peaceful vessels and denying Iran's control over the strait. This comes amidst rising tensions and threats from President Trump, while the Pentagon insists a ceasefire with Iran still holds.

Ukraine Drone Strikes Spark Fire, Oil Spill at Russian Refinery
WorldReutersBBCNYT+39The GuardianAl Jazeerayle-uutisetcbchelsingin-sanomatukrainska-pravdale-figaroSCMP+31 more7d ago42 sources

Ukraine Drone Strikes Spark Fire, Oil Spill at Russian Refinery

Ukrainian drone attacks caused a major fire and oil spill at a Russian refinery, leading to a state of emergency and Putin's reaction. The incident also raised concerns about global oil supply.

Peter Magyar Pledges Hungarian State Media Reform
PoliticsAPReutersBBC+126bloombergNYTwsjFTle-mondewapoThe GuardianAl Jazeera+118 more21d ago129 sources

Peter Magyar Pledges Hungarian State Media Reform

Hungarian opposition figure Peter Magyar announced plans to suspend state television and radio broadcasts, promising to reform public media to ensure press freedom and truth for Hungarians. This pledge comes amidst political discussions involving figures like Donald Trump and Serbian President Vučić regarding Hungarian politics.

Kuwaiti Oil Tanker Attacked by Iran Near Dubai, Oil Spill Feared
EnvironmentAPReutersBBC+60bloombergNYTwsjFTThe GuardianAl Jazeeranrknzz+52 more1mo ago63 sources

Kuwaiti Oil Tanker Attacked by Iran Near Dubai, Oil Spill Feared

A Kuwaiti crude oil tanker was attacked and set ablaze off the coast of Dubai, causing damage to its hull and prompting warnings of a potential oil spill. Kuwait has attributed the incident to Iran, though no casualties were reported, with fears of an oil spill in surrounding waters.

Global Energy Crisis Deepens as Oil Soars Above $115 and Markets Fall Amid Mideast Conflict
WorldAPReutersBBC+17bloombergNYTwsjCNNnzzyle-uutisettagesschauSCMP+9 more1mo ago20 sources

Global Energy Crisis Deepens as Oil Soars Above $115 and Markets Fall Amid Mideast Conflict

Governments worldwide are scrambling to secure oil and gas supplies as the ongoing conflict in the Middle East leads to a significant crunch in global availability, causing Brent crude oil prices to rise above $115 and Asian and European equities to fall on fears of widening conflict, with volatility straining trading in major markets.

White House Denies US-Iran Meeting Reports Amid Disputed Peace Talks
PoliticsReutersBBCbloomberg+44NYTwsjFTThe GuardianAl JazeeraCNNFox Newscnbc+36 more1mo ago47 sources

White House Denies US-Iran Meeting Reports Amid Disputed Peace Talks

US President Donald Trump has stated that Iran 'wants peace' and there's a good chance of a deal, following his postponement of a strike threat citing 'productive conversations'. However, Iran's Revolutionary Guard and Tehran have dismissed Trump's peace talk claims as 'fake news' and accused him of 'contradictory behaviour', with the White House now calling reports of US-Iran official meetings 'speculative' as oil prices react to Trump's strike halt.

Global Oil & Gas Prices Surge as Iran Strikes Qatar's Ras Laffan Facility
BusinessReutersNYTwsj+32The GuardianAl Jazeeracnbcnosruvfazle-figaroSCMP+24 more1mo ago35 sources

Global Oil & Gas Prices Surge as Iran Strikes Qatar's Ras Laffan Facility

Global oil and natural gas prices have surged to nearly $120 a barrel following escalating strikes on Middle East energy infrastructure, with Iran's attack on Qatar's Ras Laffan liquefied natural gas facility triggering a 35% gas price spike and analysts debating if prices could reach $166 a barrel if the war continues, intensifying fears of stagflation.

Oil Prices Rise Towards $100 Amid Middle East Conflict and Supply Concerns
BusinessNYTNHK Worlddie-presse+5dnevnik-bgla-vanguardiastraits-timesbalkan-webnewsbeast1mo ago8 sources

Oil Prices Rise Towards $100 Amid Middle East Conflict and Supply Concerns

Oil prices have risen again in Asian markets, approaching $100 per barrel, influenced by developments in the Middle East conflict and growing concerns about global supply disruptions. This continues the trend of high crude oil prices driven by geopolitical tensions.

G7 releases record amount of oil stocks to 'calm the markets down'
BusinessAPReutersBBC+101bloombergNYTwsjFTle-mondewapoThe GuardianAl Jazeera+93 more1mo ago104 sources

G7 releases record amount of oil stocks to 'calm the markets down'

G7 leaders have announced the record release of 400 million barrels of oil in response to the war in the Middle East. This represents about twenty days worth of usual oil traffic through the Strait of Hormuz, currently through dangerous to go through due to the threat of Iranian strikes. This initiative aims 'to calm markets down', as FRANCE 24's Philip Turle explains.

Ιστορικό άλμα για το πετρέλαιο, εκτινάχθηκαν οι τιμές – Νέες ιρανικές επιθέσεις στις χώρες του Κόλπου και εγκαταστάσεις των ΗΠΑ στο Ιράκ
Worldnewsbeast1mo ago

Ιστορικό άλμα για το πετρέλαιο, εκτινάχθηκαν οι τιμές – Νέες ιρανικές επιθέσεις στις χώρες του Κόλπου και εγκαταστάσεις των ΗΠΑ στο Ιράκ

Οι τιμές του πετρελαίου επιταχύνουν ακόμη περισσότερο σήμερα την ιστορική άνοδό τους, με αυτή του WTI να αυξάνεται κατά 30% και πλέον κι αυτή του Brent κατά 27%, και με τις δυο ποικιλίες αναφοράς να…

Crude Oil Inventories Fall by 9 Million Barrels
BusinessReutersThe Independentseeking-alpha+1zerohedge2mo ago4 sources

Crude Oil Inventories Fall by 9 Million Barrels

The Energy Information Administration (EIA) reported a significant draw in crude oil inventories, with a fall of 9 million barrels for the week ending February 13.

Oil Surges On Report Warning US-Iran War Is Far Closer Than Americans Realize
Worldwsjzerohedge2mo ago2 sources

Oil Surges On Report Warning US-Iran War Is Far Closer Than Americans Realize

Oil Surges On Report Warning US-Iran War Is Far Closer Than Americans Realize Axios' Barak Ravid, a journalist very close to the Israeli government, writes Wednesday that the Trump White House is now "closer to a major war in the Middle East than most Americans realize. It could begin very soon." The sources he spoke to, which could be American or Israeli, say that such an operation would be a "massive" campaign at least weeks in sustained length. If it the campaign goes the way of Iraq or Afghanistan, or Syria, the conflict could eventually be measured in years and not just months. Further, "The sources noted it would likely be a joint U.S.-Israeli campaign that's much broader in scope — and more existential for the regime — than the Israeli-led 12-day war last June, which the U.S. eventually joined to take out Iran's underground nuclear facilities." USAF/CNN All of this looks to be going down with no public or Congressional debate whatsoever: "With the attention of Congress and the public otherwise occupied, there is little public debate about what could be the most consequential U.S. military intervention in the Middle East in at least a decade," notes Axios. Both sides are citing 'progress' in the two rounds of indirect negotiations (in Oman and then Geneva) which have taken place thus far, however, there's been nothing yet in the way of specific agreement. Washington's commitment to see talks through even for weeks at this point is highly in quesiton. The following was the initial Iranian assessment of how the talks led by Witkoff and Kushner in Geneva went this week: Iran has said it has reached an understanding with the US on the main "guiding principles" to resolve their dispute over Tehran's nuclear programme. Speaking after indirect talks in Geneva, Iranian Foreign Minister Abbas Araghchi added that work still needed to be done. The US said "progress was made". Badr Albusaidi, foreign minister of mediator Oman, said the negotiations "concluded with good progress towards identifying common goals and relevant technical issues". The Iranians have asked for two weeks to hammer out a detailed proposal, with an American official stating, "Progress was made, but there are still a lot of details to discuss. The Iranians said they would come back in the next two weeks with detailed proposals to address some of the open gaps in our positions." Given President Trump has ordered a second US carrier group to the region, along with a huge number of support aircraft, does Iran really have two weeks to spare?  Oil reaches HOD Wednesday soon on heels of Axios report, with WTI kissing $64/barrel... To some degree, the Iranians are likely buying time, knowing that a surprise, unprovoked attack could be imminent. This would be similar to the June war, but unlike that scenario this would indeed be much bigger. There's reason to believe Trump may stay restrained, however, and give negotiations time. Fear of higher oil prices could ultimately be the deciding factor here, pushing Trump to settle with Iran and not spark another completely unpredictable, likely disastrous war in the Middle East.  Tyler Durden Wed, 02/18/2026 - 08:36

Trump Welcomes King Charles to White House, Hails US-UK Bond
PoliticsReutersbloombergNYT+84wsjwapoThe GuardianNPRAl JazeeraCNNFox Newsnrk+76 more8d ago87 sources

Trump Welcomes King Charles to White House, Hails US-UK Bond

Donald Trump welcomed King Charles III to the White House, where he praised the enduring special relationship between the United States and Britain. Trump offered compliments to the monarch during the historic visit.

US-Iran Ceasefire Deadline Looms Amid Uncertain Pakistan Talks
BusinessAPReutersBBC+74bloombergwsjThe GuardianAl Jazeeranzzyle-uutisetcbccnbc+66 more15d ago77 sources

US-Iran Ceasefire Deadline Looms Amid Uncertain Pakistan Talks

Tensions between the US and Iran are escalating as a ceasefire agreement approaches its expiration, with both nations issuing warnings of potential conflict. Diplomatic efforts, including a US delegation led by JD Vance heading to Pakistan for uncertain peace talks, are underway amidst Iran's refusal to negotiate under threat.

US Seizes Iranian Ship Near Hormuz, Tehran Vows Retaliation Amid Tensions
WorldAPReutersBBC+117bloombergNYTwsjFTle-mondeThe GuardianNPRAl Jazeera+109 more16d ago120 sources

US Seizes Iranian Ship Near Hormuz, Tehran Vows Retaliation Amid Tensions

The United States seized an Iranian vessel near the Strait of Hormuz, prompting Tehran to vow retaliation and further escalating tensions in the critical waterway. This incident occurred ahead of planned peace talks, which Iran is reportedly considering boycotting due to US demands.

Stock-market futures drop, oil surges above $100 after failed talks between U.S. and Iran over the weekend
PoliticsReutersFThelsingin-sanomat+14berlingskeNHK Worldmarketwatchdelfi-ltYahooil-sole-24-oreTimes of Indiaindian-express+6 more23d ago17 sources

Stock-market futures drop, oil surges above $100 after failed talks between U.S. and Iran over the weekend

Stock-market futures were down Sunday evening, suggesting investors were bracing for a sharp drop in major indexes after weekend talks between the U.S. and Iran failed to open the Strait of Hormuz and led President Donald Trump to announce a blockade of the crucial waterway.

Oil: WTI price opened with a small increase - remains below the $100 barrier
Businessiefimerida26d ago

Oil: WTI price opened with a small increase - remains below the $100 barrier

Η τιμή του πετρελαίου WTI άνοιξε με ελαφριά άνοδο και παραμένει κάτω από φράγμα των 100 δολαρίων. Η τιμή του West Texas Intermediate (WTI), αμερικανικής ποικιλίας αναφοράς στις διεθνείς αγορές αργού,…

Trump threatens to strike Iran's infrastructure if Strait of Hormuz isn't reopened
WorldReutersBBCbloomberg+57NYTwsjle-mondeThe GuardianNPRAl JazeeraCNNFox News+49 more1mo ago60 sources

Trump threatens to strike Iran's infrastructure if Strait of Hormuz isn't reopened

US President Donald Trump on Sunday stepped up his threat to hit Iran's critical infrastructure hard if the country's government doesn’t reopen the Strait of Hormuz by his Monday deadline. Trump punctuated his threat with profanity in a social media post Sunday, saying that Tuesday will be “Power Plant Day, and Bridge Day, all wrapped up in one, in Iran.” He also offered details of the rescue of a “seriously wounded and really brave” US service member he identified as a “respected colonel” who w

WTI Crude Oil Prices Exceed Brent
EnvironmentYahoo1mo ago

WTI Crude Oil Prices Exceed Brent

West Texas Intermediate (WTI) crude oil prices have risen above Brent crude, indicating a shift in the global oil market dynamics between the two major benchmarks.

Middle East Tensions Escalate as Iran War Widens with Houthi Involvement and US Ground Invasion Fears
PoliticsBBCbloombergNYT+52wsjFTle-mondeThe GuardianNPRAl Jazeeracnbcnos+44 more1mo ago55 sources

Middle East Tensions Escalate as Iran War Widens with Houthi Involvement and US Ground Invasion Fears

The conflict involving Iran has intensified with the Houthi rebels entering the fray, launching attacks on Israel and threatening Red Sea shipping. Meanwhile, Pakistan hosted talks between Saudi Arabia, Turkey, and Egypt aimed at ending the war, while Iran issued warnings against a potential US ground invasion.

Israel Launches Fresh Strikes on Tehran Amid Intensifying Conflict
PoliticsAPNYTFT+80The GuardianAl Jazeeranzzyle-uutisetcnbcnostagesschaufaz+72 more1mo ago83 sources

Israel Launches Fresh Strikes on Tehran Amid Intensifying Conflict

Israel has launched a new wave of attacks on Iran, including fresh strikes on Tehran, as the US-Israel vs Iran conflict intensifies, impacting Gulf nations and global energy markets, with Netanyahu claiming victory.

WTI Crude Oil Prices Drop Over 4%
Businessle-figaro1mo ago

WTI Crude Oil Prices Drop Over 4%

WTI crude oil, produced in the United States, saw its price fall by more than 4% to 92.11 dollars per barrel, after a nearly 3% jump the previous day.

Oil Prices Rise Amid Iran Attacks, Traders Bet on $100+ WTI, $200 Oil Warning
BusinessAPbloombergThe Guardian+17cnbctagesschaumarketwatchBusiness Insidern1-serbiaYahooTimes of Indiahindustan-times+9 more1mo ago20 sources

Oil Prices Rise Amid Iran Attacks, Traders Bet on $100+ WTI, $200 Oil Warning

US markets are solidly higher as oil trades around $100, with Iran attacking more Gulf targets. Traders are increasingly nervous about warnings of oil prices potentially soaring to $200 per barrel as the Iran conflict continues, with many betting on WTI reaching $100+ by Friday.

BusinessNHK World1mo ago

NY Crude Oil Market: Futures Prices Rise, Briefly Breaking $100 per Barrel Again

On the 15th, in the New York crude oil market, WTI futures prices, the international trading benchmark, rose, briefly breaking the $100 per barrel mark again. This is against the backdrop of escalating exchanges between the US and Iran, with the US attacking Iran's largest oil export terminal, and growing concerns that the de facto blockade of the Strait of Hormuz could be prolonged. WTI futures prices had sharply risen to around $119 per barrel last week for the first time in approximately 3 years and 9 months, before temporarily falling to 7...

Hormuz Is the Hidden Risk to the AI Economy
Technologybloombergadvisor-perspectives2mo ago2 sources

Hormuz Is the Hidden Risk to the AI Economy

A world where we can cook up AI videos in seconds from the apps on our phones might seem remote from the physical realities of warfare in the seaways of the Persian Gulf.

The hot Hollywood trend for minute-long TV shows: ‘the sort of thing you’d watch drunk at 2am’
CultureThe Guardian2mo ago

The hot Hollywood trend for minute-long TV shows: ‘the sort of thing you’d watch drunk at 2am’

From fight scenes lasting for one punch to plots resolved in 45 seconds, smartphone-friendly vertical dramas are growing by 8,000% year on year. Here’s a guide to the wild new medium If you haven’t heard of vertical dramas, chances are you will soon. These quick, grabby series – usually split into minute-long episodes – have risen unstoppably over the past couple of years, and now Hollywood is taking an interest. Last year, the former Showtime executive Jana Winograde announced MicroCo, a studio devoted to vertical drama, and claimed that she was shocked by the amount of top-tier talent that has approached her. Two months before, former Miramax boss Bill Block launched GammaTime, which promises original microdramas by CSI creator Anthony E Zuiker. Continue reading...

"The Boys" Series Finale to Screen in 4DX Theaters
Culturevarietyign1d ago2 sources

"The Boys" Series Finale to Screen in 4DX Theaters

The highly anticipated series finale of "The Boys" will be shown in movie theaters, offering audiences a 4DX viewing experience. This special screening will allow fans to watch the conclusion on the big screen.

Trump Orders Aides to Prepare for Extended Iran Blockade
PoliticsAPReutersBBC+132bloombergNYTwsjFTle-mondewapoThe GuardianNPR+124 more7d ago135 sources

Trump Orders Aides to Prepare for Extended Iran Blockade

Donald Trump has reportedly instructed his aides to prepare for an extended blockade of Iran, particularly the Strait of Hormuz. He also issued a stern warning to Iran, stating they 'better get smart soon' and that the 'no more Mr. nice guy' approach is over.

US Oil (WTI) Premiums Hit Record High, Surpassing Brent Crude
Financenaftemporikizerohedge29d ago2 sources

US Oil (WTI) Premiums Hit Record High, Surpassing Brent Crude

US West Texas Intermediate (WTI) crude has seen its spot market premiums soar to record highs, trading significantly above benchmark prices and even surpassing North Sea Brent crude for several days, as global demand for crude intensifies.

WorldNHK World1mo ago

Stock prices temporarily fall by more than 2,700 yen amid concerns of prolonged Iran situation, including rising crude oil prices

週明けの30日の東京株式市場、取引開始直後から売り注文が広がり、日経平均株価は、一時、2700円以上の大幅な値下がりとなっています。29日のニューヨーク原油市場で国際的な取り引きの指標となるWTIの先物価格が一時、1バレル=103ドル台まで上昇するなど、イラン情勢が長期化すれば、世界経済への打撃がさらに大きくなるとの懸念が広がっています。また、東京外国為替市場でも円を売って有事に強いとされるドルを…

Iran Rejects US Talks While White House Confirms Peace Plan Elements; Gold Holds Gain Amid Negotiations
WorldReutersBBCbloomberg+57economistwsjFTThe GuardianAl JazeeraCNNFox Newsnrk+49 more1mo ago60 sources

Iran Rejects US Talks While White House Confirms Peace Plan Elements; Gold Holds Gain Amid Negotiations

Tehran has rejected reports of direct talks with the US, instead laying out its own terms to end the conflict, while the White House acknowledges 'elements of truth' to Washington offering a peace plan, further complicating ongoing back-channel diplomacy. Gold prices have held gains following reports of US negotiations aimed at ending the Iran War.

Global Markets Jitter as Middle East Uncertainty and Iran War Fears Drive Stock Dips and Oil Shocks
BusinessAPReutersBBC+44bloombergle-mondewapoThe GuardianAl Jazeeranrktimes-ukyle-uutiset+36 more1mo ago47 sources

Global Markets Jitter as Middle East Uncertainty and Iran War Fears Drive Stock Dips and Oil Shocks

Global stock markets rallied and oil prices initially dropped after US President Donald Trump announced 'good discussions' with Iran, but the relief was short-lived. Markets quickly became jittery again, with US stock futures dipping and foreign outflows hitting Asian stocks amid ongoing Middle East uncertainty and Iran war oil shock fears.

Trump Reiterates Hormuz Ultimatum, Iran Warns Retaliation and Restricts Strait Access
WorldAPReutersBBC+153bloombergNYTeconomistwsjFTle-mondewapoThe Guardian+145 more1mo ago156 sources

Trump Reiterates Hormuz Ultimatum, Iran Warns Retaliation and Restricts Strait Access

President Donald Trump has reiterated his 48-hour ultimatum to Iran to reopen the Strait of Hormuz, threatening to 'obliterate' its power plants and energy infrastructure. Tehran has warned it will respond with attacks on U.S. and Israeli energy targets if its facilities are targeted and stated the strait is open to all except "enemy" ships.

Oil Prices Surge and Stocks Could Reap Windfall Amid Iran Supply Risks
Businessbloombergwsjcnbc+16tagesschauberlingskele-figaroSCMPder-standardNHK WorldThe IndependentYahoo+8 more1mo ago19 sources

Oil Prices Surge and Stocks Could Reap Windfall Amid Iran Supply Risks

Oil prices have surged, with the Brent-WTI spread blowing out due to Iran supply risks, leading to speculation that oil stocks could reap a $60 billion windfall if crude prices remain elevated this year. WTI futures prices remain high amid concerns of escalating tensions with Iran.

WTI Crude Oil Prices Rise Over 5% Amid Market Uncertainty
BusinessReutersiefimeridanewsbeast+1seeking-alpha1mo ago4 sources

WTI Crude Oil Prices Rise Over 5% Amid Market Uncertainty

The price of West Texas Intermediate (WTI) crude oil surged by over 5% to around $88 a barrel as the Chicago Mercantile Exchange (CME) reopened, reflecting ongoing market uncertainty and tensions in the Strait of Hormuz.

Gwałtowny skok cen ropy. Jest najdroższa od prawie czterech lat
Businessrzeczpospolitatvn24morgunbladid+5index-hrn1-serbiadanasvijesti-me20-minuten1mo ago8 sources

Gwałtowny skok cen ropy. Jest najdroższa od prawie czterech lat

Ropa naftowa znów drożeje - w poniedziałek jej ceny sięgnęły najwyższych poziomów od lipca 2022 roku. Za baryłkę WTI trzeba zapłacić 118 dolarów, w górę idą również notowania Brent.

June Squibb Joins ‘Yellowjackets’ Fourth & Final Season
Culturedeadline2mo ago

June Squibb Joins ‘Yellowjackets’ Fourth & Final Season

EXCLUSIVE: June Squibb (Zootopia 2, Nebraska) has joined the cast of Showtime’s Yellowjackets for its fourth and final season. Details regarding her role are under wraps. Created and executive produced by Ashley Lyle and Bart Nickerson, Yellowjackets tells the saga of a team of talented high school girls soccer players who become the (un)lucky survivors of a […]

#KungFu #robots steal show at China’s Spring Festival gala
TechnologyAl JazeeraSCMPFrance 24+2Times of IndiaRappler2mo ago5 sources

#KungFu #robots steal show at China’s Spring Festival gala

Humanoid #robots performing #KungFu routines were among the highlights of China’s Spring Festival gala on Monday. The TV show – the most-watched in #China – is held annually on the eve of the Chinese New Year and is often used to highlight the country’s tech industry advances. This year, China’s fast-growing robotics sector was firmly in the spotlight, with robots also performing dance routines and comedy sketches.

Futures, Global Markets Rise With US Markets Closed For President's Day
Financezerohedge2mo ago

Futures, Global Markets Rise With US Markets Closed For President's Day

Futures, Global Markets Rise With US Markets Closed For President's Day Stocks gained, bitcoin tumbled and bonds steadied after Friday's cool CPI data reinforced expectations that the Fed will cut interest rates on multiple occasions this year. With US markets closed for the Presidents’ Day holiday and mainland China’s markets closed for Lunar New Year holidays, trading was muted on Monday. As of 9:00am ET, futures on the S&P 500 added 0.4% and Europe’s Stoxx 600 index rose 0.4% as banking shares rebounded from a sharp decline last week. German bunds and Treasury futures were steady after US yields touched the lowest since December on Friday. The path of US interest rates remains in focus following Friday’s slower-than-expected US inflation print as traders fully price a Fed cut in July and the strong chance of a move in June.   “The backdrop for equities is positive post CPI,” said Andrea Gabellone, head of global equities at KBC Securities. At the same time, there could be “more dispersion ahead as sentiment around key AI-exposed sectors is still very critical,” he added.  That sentiment was echoed by other strategists seeking to distinguish between AI losers and winners. A JPMorgan Chase & Co. team led by Mislav Matejka urged caution on stocks at risk of AI-driven “cannibalization,” including software, business services and media companies. Meanwhile, banks are developing baskets to capitalize on the divergence: as we first reported last Thursday, Goldman launched a new basket of software stocks that goes long firms that will benefit from AI adoption, while shorting the companies whose workflows could be replaced. With AI disruption rippling through markets, a lot will come down to earnings resilience, in particular in the US.  “When you look at the current earnings season, the companies are showing 13% of growth,” Nataliia Lipikhina, head of EMEA equity strategy at JPMorgan, told Bloomberg TV. “Overall, this is the reason why we continue to be positive on the S&P.” Later this week, traders will be watching for ADP private payrolls numbers on Tuesday and the minutes from the Fed’s January meeting on Wednesday for a fresh read on the economy. European stocks gained with bank shares rebounding, after posting their biggest weekly decline since April on worries about disruption from artificial intelligence. The basic resources sector lags, with Norsk Hydro among Europe’s worst performers as both Goldman Sachs and RBC downgrade the stock. Stoxx 600 rises 0.4% to 620.26 with 253 members down, 336 up, and 11 unchanged. Here are some of the biggest movers on Monday:  NatWest shares rise as much as 4%, the most since October, as Citi analyst Andrew Coombs raises his price target on the UK bank to a Street-high. Seraphim Space shares rise as much as 9.2%, briefly hitting a new all-time high, after the space tech investment firm said the valuations of its four largest holdings increased over the final months of 2025. AECI shares rally as much as 6.1%, the most since July, after the South African commercial-explosives maker shared improved 2025 headline earnings per share guidance. Orsted shares rise as much as 3.8% after analysts at Kepler raise the recommendation to buy from hold over the Danish renewable energy firm’s outlook, despite ongoing uncertainty for the industry in the US. Norsk Hydro shares fall as much as 4.4%, extending Friday’s 5.9% earnings-triggered drop, after being downgraded at Goldman Sachs and RBC over disappointments and pricing pressures in the Norwegian aluminum company’s downstream business. Galderma shares slip as much as 2.2% after naming Luigi La Corte as its new chief financial officer following the news back in July that Thomas Dittrich was departing. Pinewood Technologies shares tumble as much as 32%, the most since April 2024, after Apax Partners said on Friday it will not proceed with a possible cash offer for the car dealership software provider. FlatexDEGIRO shares drop as much as 7.2% after BNP Paribas downgraded the online brokerage firm to neutral from outperform, saying the price reflects too much optimism about its market position in Germany. Maurel & Prom shares slump as much as 12%, pulling back after ending last week at a 2015-high, after announcing it is not currently authorized to resume oil and gas operations in Venezuela. Barratt Redrow shares fall as much as 3.7%, leading a drop in British homebuilders after Rightmove said house prices are stalling. Asian stocks slipped for a second day, led by declines in Japan as traders booked profits after last week’s post-election rally. Several markets were closed or held shortened trading sessions for the Lunar New Year holiday. The MSCI Asia Pacific Index was down 0.1%. Japan’s Topix Index fell 0.8%, with Mizuho Financial Group Inc. and Toyota Motor Corp. among the companies contributing to the index’s losses.In Hong Kong, AI model developer Minimax Group Inc. surged as much as 30% to more than four times its original listing price, while competitor Knowledge Atlas JSC Ltd. ended 4.7% higher. The market will be closed until Thursday. As investors across the region begin to reevaluate their bets on its artificial-intelligence-driven rally, traders in Japan cashed in gains driven by expectations of Prime Minister Sanae Takaichi’s proactive spending policies last week.Trading in Singapore ended early Monday and will be shut until Wednesday. Equity markets in mainland China, South Korea, Indonesia and Vietnam were closed.  In FX, the yen is the notable mover in currencies, weakening 0.5% against the dollar and pushing USD/JPY back above 153. The offshore yuan is one of the better performers against the greenback. The Bloomberg Dollar Spot Index rises 0.1%. There is no cash trading in Treasuries due to the Presidents’ Day holiday. European government bonds are little changed In commdities, gold dipped below $5,000 an ounce, as traders booked profits from a gain in the previous session. Bitcoin tried anf ailed to stage a modest rebound; it last traded around $68,275 after posting its fourth consecutive weekly loss, with the cryptocurrency struggling to find clear direction as a weekend rally fizzled once the momentum ignition algos emerged.  WTI crude futures tread water near $62.90 a barrel.  Top Headlines President Trump said there will be voter ID rules in the mid-term elections this year, whether Congress approves it or not, and they will present a legal argument in an Executive Order. Furthermore, Trump said he has searched the depths of legal arguments not yet articulated nor vetted on this subject, and they will be presenting an irrefutable one in the very near future. Iran says potential energy, mining and aircraft deals on table in talks with US: RTRS Pentagon threatened to cut its ties with Anthropic over the company’s insistence that some limitations are kept on how the military uses its AI models: RTRS UK eyes rapid ban on social media for under 16s, curbs to AI chatbots: RTRS Rampant AI Demand for Memory Is Fueling a Growing Chip Crisis: BBG Warner Bros. Weighs Reopening Sale Negotiations With Paramount: BBG Companies Are Replacing CEOs in Record Numbers—and They’re Getting Younger: WSJ Europe aims to rely less on US defence after Trump's Greenland push: RTRS DOJ Tells Lawmakers Epstein File Redactions Complied With LawL BBG For College Applicants, Pressure to Make Summers Count Has Gotten Even Worse: WSJ Fed's Goolsbee (2027 voter) said on Friday that they are still seeing pretty high services inflation, and he hopes they have seen the peak impact of tariffs, while he added that the job market has been steady, with only modest cooling.  The Break Is Over. Companies Are Jacking Up Prices Again: WSJ Trade/Tariffs USTR Greer said the US and Ecuador expect to sign a trade agreement in the coming weeks. China will waive import value-added taxes on selected seeds, genetic resources, and police dogs through to 2030 to increase agricultural competitiveness and breeding capacity. It was also reported that China will grant zero-tariff access to 53 African nations from May 1st, according to Bloomberg. Chinese Foreign Minister Wang Yi told his French and German counterparts that China and the EU are partners, not rivals, while he added that China and the EU should manage differences, deepen practical cooperation and work together on global challenges. A more detailed look at global markets courtesy of Newsquawk APAC stocks began the week in the green but with gains limited following a lack of major fresh catalysts from over the weekend and amid thinned conditions owing to holiday closures in the region and North America. ASX 200 traded marginally higher with upside led by tech, although gains are capped by underperformance in the utilities, mining, materials and resources sectors, while participants also digested a slew of earnings releases. Nikkei 225 traded indecisively with the index constrained by disappointing Japanese preliminary Q4 GDP data, which showed the economy returned to growth but failed to meet expectations with GDP Q/Q at 0.1% (exp. 0.4%), and annualised GDP at 0.2% (exp. 1.6%). Hang Seng finished higher in a shortened trading session on Chinese New Year's Eve but with upside limited by tech weakness amid some confusion after the Pentagon added several companies including Baidu, Cosco, BYD, Huawei, Nio, SMIC, Tencent, and more to a list of Chinese firms aiding the military on Friday, but then withdrew the updated list shortly after it was posted. Furthermore, price action was also restricted by the closure of mainland markets and the absence of stock connect flows, which will remain shut for more than a week. US equity futures kept afloat in quiet trade amid the absence of drivers and participants. European equity futures indicate a mildly positive cash market open with Euro Stoxx 50 futures up 0.1% after the cash market closed with losses of 0.4% on Friday. Asian Headlines Chinese President Xi called for the anchoring of economic growth around domestic demand as its main driver, in a speech during a key policy meeting late last year that was released on Sunday. China is to establish a permanent financial support framework to promote rural revitalisation and prevent a slide back into poverty, which represents a shift from transitional aid to long-term support. China’s market regulator summoned major online platform companies on Friday, including Alibaba, Douyin and Meituan, while it directed them to comply with laws and regulations, and rein in promotional practices, according to Bloomberg. US Secretary of State Rubio and Japanese Foreign Minister Motegi reaffirmed their commitment to deepen bilateral ties. Disney (DIS) sent a ‘cease and desist’ letter to ByteDance over Seedance 2.0 and alleged that ByteDance has been infringing on its IP to train and develop an AI video generation model without compensation, according to Axios. It was later reported that ByteDance said it would curb its AI video app following Disney's legal threats, according to the BBC. RBI tightened rules for loans provided to brokers and proprietary firms in an effort to reduce market speculation FX DXY eked slight gains in rangebound trade after a lack of major catalysts and with US participants away on Monday. EUR/USD was little changed amid the absence of any major macro catalysts and with light newsflow from the bloc, while comments from ECB President Lagarde and news that the ECB is to make its repo backstop available to other central banks across the world, did little to spur price action. GBP/USD held on to most of Friday's spoils but with price action contained by resistance around 1.3650 and following comments from BoE's Mann that the UK economy is sluggish and tepid, with consumers spending less due to being scarred by high inflation. USD/JPY edged higher and returned to above the 153.00 level in the aftermath of the weaker-than-expected preliminary Q4 GDP data for Japan. Antipodeans were mixed with little fresh macro drivers and a lack of tier-1 data from either side of the Tasman. Fixed Income 10yr UST futures traded little changed and held on to last week's spoils after returning above the 113.00 level in the aftermath of the softer US inflation data, while price action was contained to start the week by the closure of US cash markets for Washington's Birthday. Bund futures lacked demand in the absence of any major catalysts and with light newsflow from the bloc. 10yr JGB futures were marginally higher following disappointing preliminary GDP data for Q4, but with gains limited after failing to sustain a brief reclaim of the 132.00 level. Commodities Crude futures were rangebound amid light energy-specific newsflow from over the weekend and after last Friday's indecisive performance, where attention was on a source report that noted OPEC+ is leaning towards resuming oil output hikes from April, but with no decision made. Slovak PM Fico said he has information that the Druzhba pipeline has been fixed after damage in Ukraine, although he believes that supplies to Hungary and Slovakia have become a part of political blackmail. Spot gold took a breather after edging higher in the aftermath of the recent softer-than-expected US inflation data, with price action also contained by the holiday closures across Asia and North America. Copper futures were subdued, with their largest buyer away for more than a week due to the Chinese New Year/Spring Festival holiday. Texas venture-backed startup Hertha Metal vowed mass production of steel with 25% cost savings, which could reduce US reliance on imports. Geopolitics: Middle East US military is preparing for potential operations against Iran that could last for weeks if US President Trump orders an attack and the US fully expects Iran to retaliate, according to sources cited by Reuters. US President Trump told Israeli PM Netanyahu during a meeting in December that he would support Israel striking Iran’s ballistic missile program if the US and Iran are not able to reach a deal, according to CBS. Iran confirmed that indirect talks between the US and Iran will resume in Geneva on Tuesday under the mediation of Oman, while Iranian Foreign Minister Araghchi left for Geneva on Sunday. Iranian diplomat said Iran is open to nuclear deal compromises if the US discusses lifting sanctions, while it was also reported that Iran said potential energy, mining and aircraft deals are on the table in talks with the US. Israel’s cabinet approved the proposal to register West Bank lands as ‘state property’, while Palestinians condemned the ‘de facto annexation’ which Peace Now said likely amounts to a ‘mega land grab’. Geopolitics: Ukraine US President Trump said on Friday that Ukrainian President Zelensky is going to have to get moving and that Russia wants to get a deal. US Secretary of State Rubio said they don’t know if Russia is serious about finding an end to the war in Ukraine and will continue to test it, while it was reported that he met with Ukrainian President Zelensky on security and deepening defence and economic partnerships. Ukrainian drones targeted Russia’s Taman seaport and fuel tanks in the Black Sea region. UK and European allies were reported on Friday to be weighing seizing Russian shadow fleet ships and tightening curbs on Russia's economy. French Foreign Minister Barrot said some G7 nations have expressed a willingness to proceed with a maritime services ban on Russian oil, which they hope to include in the 20th sanctions package that they are actively preparing. Geopolitics: Other European Commission President von der Leyen said that they face the very distinct threat of outside forces trying to weaken their union, while she added that mutual defence is not an optional task for the European Union; it is an obligation within their own treaty, and it is their collective commitment to stand by each other in case of aggression. Pentagon said the US military struck an alleged drug cartel boat in the Caribbean, which killed three people. DB's Jim Reid concludes the overnigt wrap I hope you all had a good weekend. To stay in Winter Olympics mood the family watched "Cool Runnings" last night. I haven't seen it for 32 years. Please don't tell anyone but I had a few tears in my eyes at the end. I blamed it on the hay fever that has now started. There will be a lot of tears out there in markets for other reasons at the moment. Just two weeks ago, the idea of AI-driven disruption still felt like an abstract, almost academic thought experiment—something we could safely revisit once we had clearer evidence of how AI would be deployed and integrated across the economy. Fast forward 14 days, and markets have wiped out well over a trillion dollars of global equity value on the fear that AI could fundamentally reshape business models and compress profitability across a wide range of industries, including software, legal services, IT consulting, wealth management, logistics, insurance, real estate brokerage and commercial real estate. Some of the sell off in “old economy” sectors feels overdone to me. But as I argued in our 2026 World Outlook back in November, the real challenge is that even by the end of this year we still won’t have enough evidence to identify the structural winners and losers with confidence. That leaves plenty of room for investors’ imaginations—both optimistic and pessimistic—to run wild. As such big sentiment swings will continue to be the order of the day. My instinct is that the reaction in things like commercial real estate, for example, has been particularly exaggerated. Markets seem to be extrapolating a scenario in which vast numbers of white collar workers are made redundant almost overnight, leading to a dramatic collapse in office demand. If that view turns out to be correct, we’ll be facing societal challenges far larger than anything currently being priced into equities. While trying to catch a falling knife may be too risky for many, beginning to cushion the descent could be sensible in many old economy sectors. Markets can’t sustain a disruption narrative across multiple sectors for months or quarters without concrete evidence — and that evidence is likely to take much longer to emerge. Fascinating times. As for this week, today is a US holiday but inflation will remain in the spotlight at a global level after Friday's slightly softer US CPI which helped contribute to a decent rates rally to end the week. Prints are due in the US (PCE - Friday), the UK (Wednesday), Canada (Tuesday) and Japan (Friday). Other economic highlights will include the FOMC minutes (Wednesday), Q4 GDP in the US (Friday), as well as the global flash PMIs (Friday). Earnings reports will feature Walmart (Thursday), Nestlé (Thursday) and BHP (today). It's the earnings calm before next week's Nvidia storm. In the US, this holiday shortened week (President's Day today) features a data calendar dominated by releases that were pushed back by last year’s government shutdown. The most consequential updates will land on Friday, when the advance estimate of Q4 GDP arrives alongside December’s personal income and consumption figures—key inputs for shaping expectations for the early part of this year. For markets assessing the underlying pulse of demand heading into 2026, private final sales to domestic purchasers (PFDP) will carry more weight than the headline GDP print. This indicator—closely monitored by Fed Chair Powell—is expected by our economists to slow to 2.0% from 2.9% in Q3, though risks appear tilted upward. One swing factor: Wednesday’s durable goods report, where modest gains outside of transportation could soften the deceleration. On the consumer front, real PCE growth is expected to cool to 2.5% after two quarters of outsized strength but should still signal ample momentum heading into the new year. Friday’s income and spending report will also offer the latest reading on core PCE, the Fed’s preferred inflation gauge. Our economists expect another 0.4% monthly increase for December, lifting the year over year rate to 2.9%. Updated seasonal factors from last week’s CPI release suggest some mild downward pressure on inflation trends in the second half of 2025. Still, January’s CPI data, although softer than we anticipated, do not translate into equivalent relief for core PCE—in fact, our team currently sees another 0.4% gain for January's release (delayed until March 13th). Depending on the strength of medical services, airfare, and portfolio management components in the upcoming PPI report, a 0.5% monthly rise cannot be ruled out, which would push the year over year rate toward 3.1%. So don't get too excited about the softer CPI last week and the huge rates rally. Additional releases this week will help clarify whether recent severe winter weather has disrupted factory sector activity. January industrial production, due Wednesday, should benefit from a jump in utility output, while weather effects may weigh on the Empire State Survey tomorrow and the Philadelphia Fed survey on Thursday. Labor market data will also be in focus, particularly Thursday’s jobless claims, which line up with the survey week for the February employment report. As our economists have pointed out, private nonfarm job gains have averaged 103k over the past three months, slightly above the pace at this point in 2025 and matching the start of 2024. See their latest US employment chartbook here. This week will also feature a dense lineup of Federal Reserve speakers which you can see alongside all the key global data in the day-by-day week ahead calendar at the end as usual. Moving away from the US, inflation will also be in focus in Japan (Friday) and Canada (tomorrow). For the former, our Chief Japan Economist sees the January nationwide CPI showing a slowdown in both core CPI inflation ex. fresh food to 2.1% YoY (+2.4% in December) and core-core CPI inflation ex. fresh food and energy to 2.7% (+2.9%). Also important will be the global flash PMIs due on Friday as a health check on global growth. In Europe, the spotlight will be on UK inflation (Wednesday), with labour market data due tomorrow and retail sales on Friday. Our UK economist expects headline CPI inflation to drop to 3.0% YoY (3.4% in December) and core CPI also landing at 3.0% YoY (3.2% YoY). See more in his full preview here. In terms of key rate decisions, the RBNZ are expected to remain on hold on Wednesday. Finally, the Munich Security Conference wrapped up over the weekend, where key topics included Ukraine, Russia, and the fate of Greenland. And while US Secretary of State Marco Rubio’s speech was nothing like Vice President JD Vance’s at last year’s conference, which triggered a “wake-up” call for European leaders, Rubio reiterated the administration’s view that Europe needed to leave behind its focus on energy policies, trade and mass migration. Recapping last week now, the tech volatility that has dogged markets since the start of the month broadened into a far more indiscriminate sell-off. The trough came on Thursday, marked by a sharp drop in software stocks, but the weakness extended well beyond tech. Companies across wealth management, real estate and financials suffered double digit declines, underscoring how widespread the pullback has become. Market breadth confirmed this shift as the equal weighted S&P 500 fell -1.37% on Thursday, though it managed to finish the week up +0.29% (+1.04% on Friday). Ultimately, the sell-off left the major US indices on the back foot: the S&P 500 slipped -1.39% (+0.05% on Friday), the Nasdaq lost -2.10% (-0.22% on Friday), and the Magnificent 7 slid -3.24% (-1.11% on Friday). Although the AI scare dominated sentiment, a heavy slate of US data also shaped the market narrative. Early in the week, softer prints—including flat December retail sales, a dovish Q4 Employment Cost Index, and slower Q4 growth expectations from the Atlanta Fed—pushed Treasury yields lower across the curve. That picture shifted midweek after a stronger than expected January jobs report, which delivered the largest gain in nonfarm payrolls (+130k vs. +65k expected) since December 2024 and reinforced confidence that the US economy carried solid momentum into 2026. Then on Friday, January CPI came in below expectations, adding another dovish note. Although the data offered mixed signals at times, the overall takeaway was sufficiently dovish for traders to increase the number of expected rate cuts by December 2026 to 63.4bps (+7.7bps on the week). This helped drive the largest weekly drop in the 10 year Treasury yield since August 2025, down -15.8bps (-5.0bps on Friday) to 4.05%. The 2 year yield also moved sharply lower, falling -8.9bps to 3.41% (-4.8bps on Friday), its lowest level since 2022. European markets, meanwhile, delivered a comparatively resilient performance. The STOXX 600 (+0.09%, -0.13% Friday), DAX (+0.78%, +0.25% Friday) and FTSE 100 (+0.74%, +0.42% Friday) all posted modest gains for the week. European sovereign bonds rallied as well, with the 10 year bund yield dropping -8.7bps—its steepest weekly decline since April 2025. That move was outpaced by gilts, which fell -9.8bps (-3.6bps on Friday) despite a sharp early week sell-off triggered by renewed questions surrounding Prime Minister Keir Starmer’s position. Elsewhere, performance was mixed. Brent crude edged down -0.44% (+0.34% on Friday), while gold extended its upward run, rising +1.56% (+2.43% on Friday). Will London’s half term week finally give us a quiet week in 2026? You’d probably have to guess at ‘unlikely’. Tyler Durden Mon, 02/16/2026 - 09:40