Bank of New Zealand
February 13, 2026
Markets Today
Daily UpdateCommoditiesEquitiesFXEnergyInformation Technology
US equities declined due to margin pressure in the tech sector, while global indices hit record highs. Bond yields generally fell following weak US housing and UK GDP data.
Key Takeaways
- 1.US equities fell sharply, led by the IT sector following margin concerns at Cisco Systems despite strong AI-driven revenue.
- 2.Global equity indices (outside the US) reached new record highs, including the Euro Stoxx 600, FTSE100, and Japan's Topix.
- 3.The Japanese yen strengthened as political uncertainty and fiscal concerns faded following a weekend election victory by Takaichi.
Table of Contents
- Events Round-Up
- Good Morning
- Coming Up
- Contact Details
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Stephen ToplisJason Wong
Securities
S&P 500Brent CrudeUS 10-Year TreasuryUKXCisco Systems
Themes
AI Cost ParadoxGlobal vs US Equity Divergence
Regions
North AmericaEuropeAsia PacificNew ZealandUnited StatesUnited Kingdom