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Stocks continued their upward trend for the fifth consecutive session, with the MSCI All Country World Index nearing record levels. Asian shares surged 0.7%, while US and European futures indicated further gains. The Yen dipped slightly amid speculation of potential currency intervention. Gold and silver prices remained stable near record highs. In the UK, shop prices rose 1.5% year-on-year in January, with food prices increasing by 3.9%. The German IFO survey showed modest underperformance, raising concerns about fiscal stimulus benefits. Upcoming Fed policy decisions and major tech earnings are anticipated.
European markets experienced declines, with the pan-European Stoxx 600 down 0.22% amid ongoing concerns over U.S. President Trump's comments on Greenland and instability in global bond markets. The UK's inflation rose to 3.4%, while the pound remained stable at $1.344. Major indices like Germany's DAX and France's CAC also saw slight decreases. In the bond market, U.S. and German 10-year Treasury yields fell by 3 and 2 basis points, respectively.
