11 February 2026
US stocks ended mixed on Tuesday, amid disappointing retail sales data, ongoing investor concerns over AI disruption, and a mixed set of corporate earnings. The S&P 500 closed 0.3% lower.
US Treasuries rose on weaker-than-expected US retail sales data. 10-year yields fell 6bp to 4.14%.
European stocks mostly fell on Tuesday ahead of key US jobs data. The Euro Stoxx 50 was down 0.2%. The German DAX and the French CAC closed little changed. In the UK, the FTSE 100 edged 0.3% lower.
European government bonds rose. 10-year German and French bond yields both fell 3bp to 2.81% and 3.41% respectively. In the UK, 10-year gilt yields fell 2bp to 4.51%.
Asian stock markets tracked US tech shares’ overnight gains on Tuesday. Japan’s Nikkei 225 extended its post-election rally, closing up 2.3%. Meanwhile, Korea’s Kospi and China’s Shanghai Composite both edged up 0.1%, while Hong Kong’s Hang Seng added 0.6%. Elsewhere, India’s Sensex rose 0.2%.
Crude oil prices fell on Tuesday. WTI crude for March delivery settled 0.6% lower at USD64.0 a barrel.
US retail sales were flat in December after a 0.6% mom gain in November, below expectations. Partly reflecting some seasonal effects, core retail sales (ex-autos, gasoline and building materials) also came in weaker-than-expected, falling by 0.1% mom in December and following a downward revision to the October-November data.
China CPI inflation likely fell to 0.4% yoy in January, from 0.8% yoy in December, largely reflecting the holiday timing effect.
In the US, private payrolls were weak in Q4 2025 but robust corporate profits suggest that the labour market may stabilise.
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