27 February 2026
US stocks fell on Thursday, led by losses in tech shares. The S&P 500 fell 0.5%, while the tech-heavy Nasdaq lost 1.2%.
US Treasuries rose amid stock market weakness. 10-year yields fell 5bp to 4.00%.
European stocks mostly rose on Thursday. While the Euro Stoxx 50 was down 0.2%, the German DAX rose 0.4% and the French CAC gained 0.7%. In the UK, the FTSE 100 ended 0.4% higher.
European government bonds rose. 10-year German bund yields fell 2bp to 2.69%, while 10-year French bond yields edged down 1bp to 3.25%. In the UK, 10-year gilt yields fell 5bp to 4.27%.
Asian stock markets traded mixed on Thursday. Japan’s Nikkei 225 gained 0.3% while Korea’s Kospi surged 3.7%. Meanwhile, India’s Sensex and China’s Shanghai Composite ended little changed, as Hong Kong’s Hang Seng fell 1.4%.
Crude oil prices ended modestly lower on Thursday. WTI crude for April delivery settled 0.3% lower at USD65.2 a barrel.
The Bank of Korea kept its policy rate unchanged at 2.50%, as expected. The central bank upgraded its growth and inflation forecasts while signalling a largely neutral policy stance in the coming six months.
In the US, PPI is expected to have risen 0.3% mom in January compared to a 0.5% mom gain in December. The lagged impact of higher tariffs could lift final-demand core goods PPI, while services PPI has been volatile.
India’s real GDP growth should remain robust at 7.6% yoy in the October-December 2025 quarter, after rising 8.2% yoy in the July-September quarter. A new GDP series with the fiscal year 2022-23 as its new base will be released.
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