Monthly Market Insights – Feb 2026

Monthly Market Insights – February 2026

Global economic data surprised to the upside in February, pointing to a gradual broadening of growth while inflation pressures eased in several major economies. In the US, growth remained positive but slowed, with moderating consumer inflation and a still-resilient labor market. The Eurozone economy stabilized with inflation close to target and improving business activity, while the UK continued to face sluggish growth despite easing inflation. China showed weak domestic demand and persistent producer price deflation, while Japan saw moderating inflation and modest growth.

Geopolitical tensions intensified during the month, particularly with developments in US trade policy and escalating US–Iran tensions late in February. Despite these risks, global equities posted positive returns, with Emerging Markets outperforming Developed Markets. European equities proved more resilient than US markets amid rotation away from mega-cap technology stocks, while Japanese equities rallied strongly following the snap election victory of Prime Minister Sanae Takaichi. Fixed income markets delivered positive returns as investors favored safe-haven assets, commodities rose led by precious metals, and cryptocurrencies declined amid rising market volatility.

Download the full report below for detailed analysis, market data, and our assessment of the implications for global investors.