Market Information Thursday 26 February 2026

Oil prices edged up 0.3% on Thursday as markets priced in a geopolitical risk premium of up to $10 a barrel amid unresolved U.S.-Iran nuclear talks. A constructive outcome could unwind that premium, while a breakdown risks further supply disruption from Iran, OPEC’s third-largest producer. Gains were capped by a sharp 16 million barrel rise in U.S. crude inventories, the largest build in three years, far exceeding forecasts.

The EBRD raised its growth forecasts for 40 developing economies to 3.6% this year and 3.7% in 2027, after the region expanded 3.4% last year, ahead of expectations. U.S. tariffs rerouted rather than reduced trade, with countries such as Hungary, Poland and the Czech Republic gaining from AI-related export shifts as they replaced Chinese suppliers. The bank cautioned that ongoing trade turmoil and rising defence spending could yet weigh on private investment and longer-term growth.

Indian equities edged higher on Thursday, with the Nifty 50 rising 0.31% and the Sensex gaining 0.28%, lifted by a 1.6% rebound in IT stocks following strong Nvidia earnings. The sector had shed roughly 20% in February, and broader risk appetite remains cautious amid a lack of fresh domestic catalysts. Analysts expect the market to stay range-bound near term as it digests earlier losses.

The 6M Euribor is unchanged at 2.15% compared to previous business day. The 10Y Swap decreased with 1 basis point to 2.72% 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.