Market Information Monday 09 February 2026

Indian refiners are avoiding new purchases of Russian oil for April deliveries and may stay away longer, a move that could support efforts to finalise a U.S.–India trade deal. The shift follows a framework agreement with Washington and President Trump’s claim that India has committed to halting Russian oil imports, though New Delhi has made no formal announcement. India had become Russia’s biggest buyer after the Ukraine invasion, but most refiners have now paused such purchases unless directed otherwise by the government.

Alphabet, Amazon, Meta and Microsoft are set to invest about $650 billion this year, mainly in data centres, marking an intense arms race in artificial intelligence. Bloomberg compares the scale of these investments to the dotcom boom and even the build-out of the U.S. railway network in the 19th century, as companies race to secure market share in a still-young AI market. By contrast, 21 other major companies across the wider economy are expected to invest about $180 billion combined.

The Amsterdam AEX fell below 1,000 points last week as investor concerns grew over the impact of artificial intelligence and the massive AI investment plans announced by U.S. tech giants. The index closed at 995.35 points, down 0.6% on the week, as fears mounted that the roughly $650 billion in planned AI spending may not be fully recouped. Despite the decline, analysts note that today’s tech companies are financially stronger than during the dot-com bubble, though volatility in tech and chip stocks remains high.

The 6M Euribor is unchanged at 2.17% compared to previous business day. The 10Y Swap is unchanged at 2.86% 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.