Financial Markets Daily Report
05 febrero 2026
Euro area sovereign yields edged lower, while the EURUSD cross held steady near 1.18, after the region's January inflation cooled, with headline inflation falling to 1.7% from 2.0% on lower energy prices and core easing to 2.2% as services inflation moderated. Attention now turns to today’s ECB policy meeting, where rates are expected to remain unchanged.
Global equity markets extended the losses from the previous session, as ongoing concerns surrounding AI and software companies continued to weigh on technology stocks, dragging broader indices lower. Market volatility increased, with the VIX index rising above 18.
In commodity markets, gold prices held broadly stable near $4,950/ounce, following the sharp sell-off from early in the week. Brent crude prices climbed towards $70/barrel, amid reports that planned talks between Iran and the United States later this week may be cancelled, reigniting concerns over supply risks.