Market Summary - February 9, 2026

The financial markets are showing positive momentum as we approach the end of the first session of the week. Key highlights include significant gains in major indices and commodities, particularly in precious metals.

Market Performance

• US Indices:
  • US100: Up nearly 1%
  • US500: Up 0.7%
  • US2000: Up 0.8%
• Commodities:
  • Silver: $81.824, down 1.72%
  • Gold: $5048.66, down 0.15%
  • Natural Gas: $3.149, up 0.35%
• Indices:
  • Stoxx 600: Up 0.7%
  • German DAX: Up 1.15%
  • UK100: Up 0.15%

Sector Highlights

Large-cap technology companies are leading the gains, with notable performances from:

• Oracle: +5%
• Palantir: +15%
• Applovin: +10%
• Nvidia: +3%
• Broadcom: +4%

Company News

Hims & Hers (HIMS) is facing pressure due to an FDA investigation into GLP-1 combination drugs and a patent lawsuit from Novo Nordisk regarding a generic version of Wegovy. Conversely, Novo Nordisk shares are rebounding due to reduced competition and a share buyback announcement.

STMicroelectronics (STM) shares surged over 8% following a significant partnership expansion with Amazon Web Services (AWS), positioning STM as a key semiconductor supplier for AWS infrastructure.

Polish Market Update

InPost, although not publicly listed, is generating interest with a planned tender offer from an international consortium at €15.60 per share, reflecting changes in market conditions since its IPO.

Political Developments

The "Takaichi trade" gained attention after Prime Minister Sanae Takaichi's coalition secured a two-thirds majority in the lower house elections, raising expectations for fiscal expansion, including a proposed suspension of the sales tax on food.

Commodity Insights

Precious metals are experiencing strong gains, with silver up nearly 7% and gold up 2.1%, both surpassing their 50-day EMA. In contrast, natural gas prices have dropped significantly due to improved weather forecasts and reduced industrial demand.

Forex Market

The US dollar is underperforming against other currencies, with notable strength in the Swiss franc and Australian dollar, while the British pound also shows weakness.

Upcoming Economic Data

Investors are awaiting US retail sales data, which is expected to be below previous forecasts, and monitoring the NFIB data for insights into small business sentiment.

Cryptocurrency Update

Bitcoin has seen a drop to $69,000, raising questions about a potential 1:1 correction scenario.