Market Summary - February 12, 2026
The financial markets are experiencing cautious gains following the release of strong U.S. labor market data. The U.S. index futures are showing slight increases, with the US100 up by 0.1% and the US500 by 0.15%. This positive sentiment is reflected in the broader market, particularly in the Asia-Pacific region, where the MSCI Asia Pacific index has reached an all-time high.
U.S. Economic Indicators
In January, the U.S. budget deficit decreased compared to the previous year, attributed to a significant rise in tariff revenues, which totaled $30 billion for the month and $124 billion for the fiscal year to date, marking a 304% increase from 2025. However, the upcoming Supreme Court ruling on tariffs poses a risk to future collections. Additionally, rising debt servicing costs and the absence of a scenario for rapid interest rate cuts continue to exert pressure on public finances.
Political Developments
The U.S. House of Representatives has voted to lift tariffs imposed by former President Donald Trump on Canada, indicating a rare bipartisan effort to challenge executive trade authority. This measure still requires approval from the U.S. Senate and the signature of the former president to be enacted.
Market Performance
In Asia, optimism prevails as the Nikkei in Japan rose by 0.25% and South Korea's KOSPI surged by 2.8%, driven primarily by technology stocks. The Chinese and Hong Kong markets also saw gains of approximately 0.7% for the second consecutive day.
Corporate Earnings
Mercedes-Benz reported a significant 57% decline in operating profit for 2025, totaling €5.8 billion, which fell short of the €6.6 billion forecast and was down from €13.6 billion the previous year. The company attributed this drop to intense competition in China, tariffs, and adverse currency effects. Its passenger car margin is currently at 5%, with a medium-term target of 8-10% through new models and cost reductions.
Currency and Commodity Markets
The dollar index (USDIDX) is rebounding by 0.1%, breaking its recent losing streak, supported by the strong non-farm payroll (NFP) data that diminishes the likelihood of further U.S. rate cuts. The Australian dollar is experiencing a pullback of 0.15%, while the euro is down approximately 0.1% against the dollar, trading at 1.186.
In the commodities market, Brent and WTI crude oil prices are slightly correcting, down around 0.3%, but remain within an upward trend. Natural gas prices have decreased by approximately 1.2%. Precious metals are also retreating due to improved risk appetite and solid U.S. economic data, with gold down 0.6% to $5,050 per ounce and silver falling 1.2% to $83.40 per ounce.
Cryptocurrency Market
In the cryptocurrency space, Bitcoin is trading flat at $67,070, while Ethereum has gained 1.2%, reaching $1,976.
Conclusion
The market is currently navigating through a mix of positive economic indicators and corporate earnings challenges, with geopolitical developments influencing trade policies. Investors are advised to stay informed as the situation evolves.