New York Open: Cautioned

Markets are trading cautiously on Friday, February 13th, as investors await US CPI data and digest a significant Nasdaq sell-off driven by AI concerns. The USD is firmer while crude oil weakens on OPEC supply hike speculation.

Key Takeaways

• 1.Markets are exhibiting a cautious tone ahead of US CPI data following a sharp 2% sell-off in the Nasdaq.
• 2.Citi Economics forecasts January Core CPI at 0.30% MoM, with focus on services trajectory and disinflation in shelter.
• 3.Potential narrowing of US steel and aluminum tariffs by the Trump administration is under observation, though market reaction remains limited.

Table of Contents

• Best of Wire
• In Focus
• Elsewhere
• Charts
• London Ranges
• Major Releases Ahead

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