Financial Markets Daily Report
16 febrero 2026
US inflation surprised slightly to the downside, with headline CPI easing to 2.4% yoy (vs. 2.5% expected), down from 2.7% in December. The softer reading boosted expectations of further Fed easing, with money markets now pricing a 50% probability of a third 25bp rate cut in 2026. US Treasury yields declined by around 5bp across the curve.
In equity markets, sentiment remained cautious, as concerns over AI-driven disruption continued to weigh on technology stocks. Euro area equities closed with modest losses while US tech shares declined, although expectations of additional Fed rate cuts provided support to other sectors, and the broader S&P 500 index ended the session flat.
In commodity markets, oil prices held broadly steady, as no meaningful progress was reported regarding developments in Ukraine or Iran. Looking ahead, US markets will be closed today for Presidents’ Day, Chinese markets remain shut this week for Lunar New Year celebrations, and February PMI releases are due on Friday.