Market Information Friday 13 February 2026

U.S. markets faced renewed pressure as technology and software stocks sold off sharply, driven by uncertainty over whether extensive AI investments will deliver meaningful returns. Major indices fell more than 1%, while sectors including semiconductors and transportation posted notable declines following weak corporate results and warnings about supply-chain constraints. Strong labor market data further reduced expectations for early interest-rate cuts, contributing to a cautious and negative market tone.

European corporate sentiment improved as many companies reported stronger-than-expected earnings, softening forecasts that had deteriorated following tariff-related tensions the previous year. Although overall quarterly profits are still expected to decline slightly, the outlook has improved significantly compared to earlier estimates, even as revenue projections weakened modestly. The broad pattern of positive earnings surprises has helped support investor confidence and contributed to recent gains across European equity markets.

Transatlantic dynamics shifted as the U.S. signalled a reduced priority for European defence, urging European countries to assume greater responsibility for their own security. Senior American officials skipped consecutive NATO meetings, raising concern about diminishing U.S. engagement while Washington emphasized a strategic focus on domestic interests and the Indo-Pacific region. Although discussions continue around possible U.S. troop reductions, European leaders pointed to rising defence spending and increasing alignment within the alliance to strengthen Europe’s strategic autonomy.

The 6M Euribor is unchanged at 2.11% compared to previous business day. The 10Y Swap decreased with 2 basis points to 2.79% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.