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On Monday, trading on the US stock market concluded with solid gains. By the end of the day, the Dow Jones (US30) rose by 1.05%, the S&P 500 (US500) gained 0.54%, and the tech-heavy Nasdaq (US100) closed higher by 0.56%. The growth was primarily driven by tech and growth stocks: Apple shares jumped over 3%, AMD rose nearly 5%, and Micron added over 5%. Alphabet and Amazon also traded firmly ahead of their earnings reports later this week. Oracle saw a slight correction following its recent rally linked to a $50 billion capital-raising plan, while Nvidia declined by approximately 2% amid ongoing uncertainty regarding its frozen $100 billion investment in OpenAI.

European equity markets mostly rose on Monday. The German DAX (DE40) climbed 1.05%, the French CAC 40 (FR40) closed up 0.67%, the Spanish IBEX 35 (ES35) increased by 1.31%, and the British FTSE 100 (UK100) closed up 1.15%. In the first half of the day, European stocks were under pressure due to a sharp crash in precious metals prices, which led to increased margin calls on key derivative exchanges. However, fears of systemic liquidity issues did not materialize, and the market reversed upward, showing growth across all sectors. Banking stocks were among the leaders, with Santander, UniCredit, ING, and Nordea gaining between 2-3%.

During Monday’s Asian session, silver quotes (XAG) dropped to $77 per ounce following Friday’s 30% collapse – the largest one-day decline in history, which almost entirely wiped out the year-to-date gains. Just last Thursday, silver had hit an all-time high exceeding $120 per ounce. The sharp market reversal followed reports of President Donald Trump’s intention to nominate Kevin Warsh as the next Federal Reserve Chairman, a move market participants viewed as a signal for a more hawkish monetary policy. Despite the current decline, silver continues to find some support from a structural supply deficit and the “debasement trade,” where investors reallocate capital from currencies and bonds into physical assets amid concerns over rising government debt, geopolitical uncertainty, and doubts about Fed independence.

WTI crude oil prices fell by more than 4.5% on Monday, dropping to $62.2 per barrel, marking the sharpest one-day decline in over six months. Pressure intensified after President Trump stated that Washington is in talks with Iran, easing fears of supply disruptions in the Middle East. Iranian officials also signaled a readiness for dialogue, further calming investors who had priced in conflict risks. The price drop was exacerbated by a broader sell-off in commodity markets, particularly in metals.

The US natural gas prices (XNG) plummeted by 21% to $3.42 per MMBtu, completely erasing Friday’s 11% gain. This came after short-term weather prognoses shifted toward milder conditions, reducing expected demand. The market has been highly volatile; the February contract hit a three-year high last week due to storm-related production disruptions and heating demand. However, updated expectations from NOAA indicate above-normal temperatures across much of the US through mid-month, likely curbing demand for heating and power generation.

Asian markets mostly declined yesterday. The Japanese Nikkei 225 (JP225) fell by 1.25%, the FTSE China A50 (CHA50) dropped 1.44%, Hong Kong’s Hang Seng (HK50) decreased by 2.23%, and Australia’s ASX 200 (AU200) showed a negative result of 1.02%.

The Australian dollar rose to around $0.70 on Tuesday, the Reserve Bank of Australia (RBA), at its first monetary policy meeting of 2026, unanimously raised the cash rate by 25 basis points to 3.85%, fully meeting market expectations. This marked the first hike since November 2023 and highlighted a resurgence in inflationary pressures that intensified in late 2025 due to rising service sector costs and a tight labor market. The RBA noted that inflation is likely to remain above the 2-3% target range for some time, reflecting resilient economic dynamics.

• S&P 500 (US500) 6,976.44 +37.41 (+0.54%)
• Dow Jones (US30) 49,407.66 +515.19 (+1.05%)
• DAX (DE40) 24,797.52 +258.71 (+1.05%)
• FTSE 100 (UK100) 10,341.56 +118.02 (+1.15%)
• USD Index 97.58 +0.59% (+0.60%)
   

News feed for: 2026.02.03

• Australia RBA Interest Rate Decision at 05:30 (GMT+2); – AUD (HIGH)
• Australia RBA Monetary Policy Statement at 05:30 (GMT+2); – AUD (HIGH)
• Australia RBA Press Conference at 06:30 (GMT+2); – AUD (MED)
• US JOLTs Job Openings (m/m) at 17:00 (GMT+2); – USD (MED)
• New Zealand Unemployment Rate (q/q) at 23:45 (GMT+2). – NZD (HIGH)

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