FEB 10, 2026盘前交易 04:00 - 09:30
ET 05:30
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M&A

Quince Therapeutics Considers Strategic Alternatives; Shares Up 11% to $14.25

Quince Therapeutics (NASDAQ: QNCE) is exploring strategic alternatives following a review of its business, according to a regulatory filing dated February 10, 2026. The company's shares surged 11% to $14.25 in after-hours trading, reflecting heightened speculation about potential mergers, acquisitions, or a sale.
The filing noted the board is evaluating options to realize the value of its pipeline, including the potential development of a new cancer immunotherapy treatment. QNCE reported revenue of $28.5 million in fiscal 2024, with a net loss of $42.1 million, reflecting ongoing R&D investments. The stock has gained 42% year-to-date, outpacing the broader biotech sector.

Quince Therapeutics (NASDAQ: QNCE) is exploring strategic alternatives following a review of its business, according to a regulatory filing dated February 10, 2026. The company's shares surged 11% to $14.25 in after-hours trading, reflecting heightened speculation about potential mergers, acquisitions, or a sale.

The filing noted the board is evaluating options to realize the value of its pipeline, including the potential development of a new cancer immunotherapy treatment. QNCE reported revenue of $28.5 million in fiscal 2024, with a net loss of $42.1 million, reflecting ongoing R&D investments. The stock has gained 42% year-to-date, outpacing the broader biotech sector.

ET 05:24
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Macro

IRS Home Office Deductions: Who Qualifies and How to Claim (2026)

The IRS outlines strict home office deduction rules: eligible are self-employed, contract, and 1099 workers using a space exclusively and regularly for business. Employees on W-2s, including remote and hybrid workers, generally do not qualify at the federal level, though some states (e.g., Pennsylvania) allow limited deductions for W-2 employees.
Deductions include a $5 per square foot cap up to 300 sq ft or $1,500 for full-year use, plus a proportionate share of expenses like rent, property taxes, insurance, and utilities based on square footage. Additional items such as laptops, printers, and office supplies can be deducted if used primarily for work.
Note key limits: business meals are 50% deductible (post-pandemic), entertainment is not, and personal use of a car must be accounted for. Some employers may offer home office reimbursements.
As of 2023, about 72.9 million Americans were self-employed, contractors, or consultants.

The IRS outlines strict home office deduction rules: eligible are self-employed, contract, and 1099 workers using a space exclusively and regularly for business. Employees on W-2s, including remote and hybrid workers, generally do not qualify at the federal level, though some states (e.g., Pennsylvania) allow limited deductions for W-2 employees.

Deductions include a $5 per square foot cap up to 300 sq ft or $1,500 for full-year use, plus a proportionate share of expenses like rent, property taxes, insurance, and utilities based on square footage. Additional items such as laptops, printers, and office supplies can be deducted if used primarily for work.

Note key limits: business meals are 50% deductible (post-pandemic), entertainment is not, and personal use of a car must be accounted for. Some employers may offer home office reimbursements.

As of 2023, about 72.9 million Americans were self-employed, contractors, or consultants.

ET 05:24
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Operational

BP Cancels £549m Share Buyback Amid Oil Price Drop and Leadership Shakeout (BP: 3.5% Fall)

BP has cancelled its £549 million ($750 million) share buyback programme, scrapping the payout amid a sharp decline in oil prices and leadership changes. The FTSE 100 company, which relies on dividends to fund pensions, will also reduce capital expenditure in 2026 and cut billions in costs, citing continued weakness in oil prices. The Brent crude price fell from about $76 to $69 per barrel, pressuring results. BP posted a $3.4 billion loss for Q4 2025 versus a $1.2 billion profit in Q3 2025, with underlying replacement costs profit down 16% in the quarter and falling from $8.9 billion to $7.5 billion year-on-year. The oil major recorded a $4 billion impairment in its low-carbon energy division and scrapped its hydrogen plant on Teesside following a strategy review. Following the abrupt departure of CEO Murray Auchincloss, Albert Manifold hired Meg O’Neill of Woodside Energy as interim replacement, with a renewed focus on oil and gas and asset sales. The decision comes amid a 3.5% drop in BP shares in early trading.

BP has cancelled its £549 million ($750 million) share buyback programme, scrapping the payout amid a sharp decline in oil prices and leadership changes. The FTSE 100 company, which relies on dividends to fund pensions, will also reduce capital expenditure in 2026 and cut billions in costs, citing continued weakness in oil prices. The Brent crude price fell from about $76 to $69 per barrel, pressuring results. BP posted a $3.4 billion loss for Q4 2025 versus a $1.2 billion profit in Q3 2025, with underlying replacement costs profit down 16% in the quarter and falling from $8.9 billion to $7.5 billion year-on-year. The oil major recorded a $4 billion impairment in its low-carbon energy division and scrapped its hydrogen plant on Teesside following a strategy review. Following the abrupt departure of CEO Murray Auchincloss, Albert Manifold hired Meg O’Neill of Woodside Energy as interim replacement, with a renewed focus on oil and gas and asset sales. The decision comes amid a 3.5% drop in BP shares in early trading.

ET 05:24
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Earnings

Pfizer (PFE) Earnings Take: Watch Obesity, Oncology Trials and Generic Pressure

Pfizer (PFE) reported Q4 revenue exceeding expectations despite a U.S. vaccine recommendation narrowing and year-over-year sales declines, with operating margins contracting. The stock closed at $27.03, up from $26.66 pre-earnings.
Analysts will closely monitor: (1) progression of phase 3 trials in obesity and oncology; (2) pressure from generics on non-COVID revenue and the company’s ability to stabilize those streams; (3) implementation of AI to drive operational efficiencies; and (4) upcoming launches and regulatory milestones in chronic weight management and rare disease.

Pfizer (PFE) reported Q4 revenue exceeding expectations despite a U.S. vaccine recommendation narrowing and year-over-year sales declines, with operating margins contracting. The stock closed at $27.03, up from $26.66 pre-earnings.

Analysts will closely monitor: (1) progression of phase 3 trials in obesity and oncology; (2) pressure from generics on non-COVID revenue and the company’s ability to stabilize those streams; (3) implementation of AI to drive operational efficiencies; and (4) upcoming launches and regulatory milestones in chronic weight management and rare disease.

ET 05:24
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Earnings

Mercury Systems (MRCY) Analyst Takeaways: Q4 Results, Margin Pressures, and Key Outlook Metrics

Mercury Systems (MRCY) posted Q4 revenue and non-GAAP profit exceeding expectations, but shares fell from $99.28 to $85.30 as management attributed much of the growth to forward-looking bookings and pulled-forward deliveries, pressuring near-term margins. CEO William L. Ballhaus credited accelerated hardware shipments and improved working capital for record first-half revenue.
Analysts are closely watching three fronts: the pace of replacing low-margin backlog with higher-margin design wins, the ramp-up of new production capacity for common processing architecture programs, and the realization of upside from U.S. and international defense budgets, including large awards like the Golden Dome. Success in reducing working capital and executing facility consolidations will be key to margin stability and future growth.

Mercury Systems (MRCY) posted Q4 revenue and non-GAAP profit exceeding expectations, but shares fell from $99.28 to $85.30 as management attributed much of the growth to forward-looking bookings and pulled-forward deliveries, pressuring near-term margins. CEO William L. Ballhaus credited accelerated hardware shipments and improved working capital for record first-half revenue.

Analysts are closely watching three fronts: the pace of replacing low-margin backlog with higher-margin design wins, the ramp-up of new production capacity for common processing architecture programs, and the realization of upside from U.S. and international defense budgets, including large awards like the Golden Dome. Success in reducing working capital and executing facility consolidations will be key to margin stability and future growth.

ET 05:24

ATI (ATI) Analyst Takeaways: Q4 Results, Aerospace Growth, and Key Risks

ATI (ATI) reported stable revenue and stronger-than-expected non-GAAP profitability in Q4, driving a positive market reaction. Management credits this to robust aerospace and defense demand for next-generation jet engines and missiles, operational improvements, and higher productivity. Proprietary alloys and expanded long-term agreements improved the product mix and margins, supported by progress in specialty energy and securing key supply roles amid industry constraints.
Key watchpoints: pace of OEM production, execution of capacity expansion and operational efficiency projects, specialty energy contract scaling, and customer co-funded investment progress. These will gauge the sustainability of margin expansion and growth.
ATI closed at $136.18, up from $121.77 pre-earnings. The StockStory team will monitor these factors alongside broader growth opportunities in the Top 5 Growth Stocks list for informed positioning.

ATI (ATI) reported stable revenue and stronger-than-expected non-GAAP profitability in Q4, driving a positive market reaction. Management credits this to robust aerospace and defense demand for next-generation jet engines and missiles, operational improvements, and higher productivity. Proprietary alloys and expanded long-term agreements improved the product mix and margins, supported by progress in specialty energy and securing key supply roles amid industry constraints.

Key watchpoints: pace of OEM production, execution of capacity expansion and operational efficiency projects, specialty energy contract scaling, and customer co-funded investment progress. These will gauge the sustainability of margin expansion and growth.

ATI closed at $136.18, up from $121.77 pre-earnings. The StockStory team will monitor these factors alongside broader growth opportunities in the Top 5 Growth Stocks list for informed positioning.

ET 05:24
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Earnings

PepsiCo (PEP) Q4 Beat: Key Analyst Takeaways and Outlook

PepsiCo (PEP) reported Q4 revenue growth exceeding expectations and non-GAAP EPS slightly ahead of consensus, driven by affordability-focused initiatives, productivity gains, and strong shelf space in Frito-Lay. CEO Ramon Laguarta highlighted multi-vector growth and operational discipline, including relaunches of Gatorade and Quaker.
Analysts are closely watching: the pace of affordability programs in volume recovery; the category share impact of Gatorade and Quaker relaunches; and operational benefits from integrated food and beverage distribution pilots. Innovation and productivity remain key execution metrics.
PEP closed at $166.41, up from $155.20 before the earnings. The quarter’s outperformance suggests momentum, but investors should monitor strategic execution and relaunch impact to assess near-term positioning.

PepsiCo (PEP) reported Q4 revenue growth exceeding expectations and non-GAAP EPS slightly ahead of consensus, driven by affordability-focused initiatives, productivity gains, and strong shelf space in Frito-Lay. CEO Ramon Laguarta highlighted multi-vector growth and operational discipline, including relaunches of Gatorade and Quaker.

Analysts are closely watching: the pace of affordability programs in volume recovery; the category share impact of Gatorade and Quaker relaunches; and operational benefits from integrated food and beverage distribution pilots. Innovation and productivity remain key execution metrics.

PEP closed at $166.41, up from $155.20 before the earnings. The quarter’s outperformance suggests momentum, but investors should monitor strategic execution and relaunch impact to assess near-term positioning.

ET 05:24

INGR Earnings Miss: Operational Recovery and Clean Label Momentum to Watch

INGREDIENTS (INGR) reported Q4 revenue and non-GAAP profit below estimates, citing production disruptions at Argo that reduced inventory and U.S./Canada Food & Industrial Ingredients sales. CEO James Zallie said Texture and Healthful Solutions posted its seventh consecutive quarter of volume growth, up 4%, despite soft sweetener demand.
Key watchpoints: pace of operational recovery and inventory normalization at Argo; margin impact of clean label and protein fortification; ability of LATAM and Asia Pacific to sustain higher-margin growth; and execution of productivity initiatives and capital allocation.
INGR closed at $119.30, up from $117.31 pre-earnings. Buy/sell timing will hinge on operational and margin performance in the coming quarters.

INGREDIENTS (INGR) reported Q4 revenue and non-GAAP profit below estimates, citing production disruptions at Argo that reduced inventory and U.S./Canada Food & Industrial Ingredients sales. CEO James Zallie said Texture and Healthful Solutions posted its seventh consecutive quarter of volume growth, up 4%, despite soft sweetener demand.

Key watchpoints: pace of operational recovery and inventory normalization at Argo; margin impact of clean label and protein fortification; ability of LATAM and Asia Pacific to sustain higher-margin growth; and execution of productivity initiatives and capital allocation.

INGR closed at $119.30, up from $117.31 pre-earnings. Buy/sell timing will hinge on operational and margin performance in the coming quarters.

ET 05:24

New-Collar High-Paying Jobs: 10 Six-Figure Roles Without College Degrees (2026)

Top-paying roles in 2026 can often be entered without a four-year college degree, according to a Resume Genius report. Here are 10 fields offering six-figure salaries and alternative entry paths:
- Marketing Manager: Median $161,030; experience in social media or SEO may suffice.
- Human Resources Manager: Median $140,030; APHRA or other HR certifications can substitute for a BA.
- Sales Manager: Median $138,060; strong product knowledge and track record often matter more than degree.
- Computer Network Architect: Median $130,390; top 10% earn $198,030; many roles can be entered without a BA with relevant experience.
- General and Operations Manager: Median $129,330; typically gained through project management and leadership experience.
- Information Security Analyst: Median $124,910; top 10% $186,420; growth 29% (2024-2034); CompTIA Security+ or Google Cybersecurity Certificate helpful.
- Sales Engineer: Median $121,520; top 10% $202,670; technical sales with relevant experience can be achieved without a degree.
- Health Service Manager: Median $117,960; top 10% $219,080; growth 23% (2024-2034); healthcare administration or EHR certifications beneficial.
- Art Director: Median $111,040; top 10% $211,410; a strong portfolio and creative output are often more important than a BA.
- Construction Manager: Median $106,980; top 10% $176,990; leadership experience as a foreman or crew lead, with PM or safety certifications advantageous.

Top-paying roles in 2026 can often be entered without a four-year college degree, according to a Resume Genius report. Here are 10 fields offering six-figure salaries and alternative entry paths:

- Marketing Manager: Median $161,030; experience in social media or SEO may suffice.

- Human Resources Manager: Median $140,030; APHRA or other HR certifications can substitute for a BA.

- Sales Manager: Median $138,060; strong product knowledge and track record often matter more than degree.

- Computer Network Architect: Median $130,390; top 10% earn $198,030; many roles can be entered without a BA with relevant experience.

- General and Operations Manager: Median $129,330; typically gained through project management and leadership experience.

- Information Security Analyst: Median $124,910; top 10% $186,420; growth 29% (2024-2034); CompTIA Security+ or Google Cybersecurity Certificate helpful.

- Sales Engineer: Median $121,520; top 10% $202,670; technical sales with relevant experience can be achieved without a degree.

- Health Service Manager: Median $117,960; top 10% $219,080; growth 23% (2024-2034); healthcare administration or EHR certifications beneficial.

- Art Director: Median $111,040; top 10% $211,410; a strong portfolio and creative output are often more important than a BA.

- Construction Manager: Median $106,980; top 10% $176,990; leadership experience as a foreman or crew lead, with PM or safety certifications advantageous.

ET 05:13

Pix Expected to Capture Half of Brazil's E-Commerce by 2028; Central Bank Operates and Regulates the System

By 2028, Pix, Brazil's instant-payment system operated and regulated by the central bank, is forecast to account for about 50% of the country's e-commerce transactions, outpacing credit cards, according to a study by Ebanx. The system, launched in 2020, is experiencing rapid adoption. Last year, the system also drew regulatory scrutiny in the U.S. over potential unfair trade practices, questioning the central bank's dual role as operator and regulator.

By 2028, Pix, Brazil's instant-payment system operated and regulated by the central bank, is forecast to account for about 50% of the country's e-commerce transactions, outpacing credit cards, according to a study by Ebanx. The system, launched in 2020, is experiencing rapid adoption. Last year, the system also drew regulatory scrutiny in the U.S. over potential unfair trade practices, questioning the central bank's dual role as operator and regulator.

ET 05:13
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Macro

ECB Study: Tariffs Drag on Inflation; Rate Cuts Could Offset, Feb 10

Eurozone inflation faces downward pressure from U.S. tariffs, with the most hit sectors—machinery, autos, chemicals—also highly sensitive to interest rates, according to a European Central Bank blog post dated February 10.
ECB economists estimate that a 1% drop in exports to the U.S. within 18 months after a tariff shock can depress the consumer price level by about 0.1 percentage points. Eurozone exports to the U.S. were down 6.5% in the latest three months versus the same period a year earlier as firms frontloaded purchases to avoid tariffs, with average U.S. import tariffs at 15%.
January inflation stood at 1.7%, below the ECB’s 2% target, and some policymakers fear further declines. However, the sectors most affected by tariffs are also the ones likely to respond most strongly to rate cuts, with about 60% of sectors studied showing such sensitivity, representing roughly 50% of total industrial output and goods exports to the U.S.

Eurozone inflation faces downward pressure from U.S. tariffs, with the most hit sectors—machinery, autos, chemicals—also highly sensitive to interest rates, according to a European Central Bank blog post dated February 10.

ECB economists estimate that a 1% drop in exports to the U.S. within 18 months after a tariff shock can depress the consumer price level by about 0.1 percentage points. Eurozone exports to the U.S. were down 6.5% in the latest three months versus the same period a year earlier as firms frontloaded purchases to avoid tariffs, with average U.S. import tariffs at 15%.

January inflation stood at 1.7%, below the ECB’s 2% target, and some policymakers fear further declines. However, the sectors most affected by tariffs are also the ones likely to respond most strongly to rate cuts, with about 60% of sectors studied showing such sensitivity, representing roughly 50% of total industrial output and goods exports to the U.S.

ET 05:13
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Earnings

Zurn Elkay (ZWS) Analyst Takeaways: Organic Growth, Margin Expansion, and Key Risks

Zurn Elkay (ZWS) reported Q4 organic sales growth and margin expansion, supported by supply chain optimization, disciplined pricing, and productivity gains from its business system. The stock rose to $52.50 from $47.06, reflecting positive sentiment despite softness in residential and some nonresidential segments.
Analysts will closely evaluate: (1) adoption rates of new products like Pro Filtration; (2) transition away from China and its impact on margins; and (3) pace of entry into institutional and waterworks verticals. Pricing discipline and institutional market strength will be key performance metrics.

Zurn Elkay (ZWS) reported Q4 organic sales growth and margin expansion, supported by supply chain optimization, disciplined pricing, and productivity gains from its business system. The stock rose to $52.50 from $47.06, reflecting positive sentiment despite softness in residential and some nonresidential segments.

Analysts will closely evaluate: (1) adoption rates of new products like Pro Filtration; (2) transition away from China and its impact on margins; and (3) pace of entry into institutional and waterworks verticals. Pricing discipline and institutional market strength will be key performance metrics.

ET 05:13
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Earnings

Carlisle (CSL) Q4 Highlights: Reroofing Resilience, Analyst Watchpoints

Carlisle (CSL) reported Q4 resilience in its building envelope reroofing business, which accounted for about 70% of nondiscretionary reroofing and drove performance despite softness in new commercial and residential construction. Management credited this to operational excellence, automation, and disciplined capital allocation via selective acquisitions and share repurchases.
Analysts will closely watch: rebound in new construction demand, revenue from recently launched products, integration progress of PlastiFab and Bonded Logic, and execution under macroeconomic pressure. CSL closed at $401.76, up from $355.84 intraday on February 10, 2026.

Carlisle (CSL) reported Q4 resilience in its building envelope reroofing business, which accounted for about 70% of nondiscretionary reroofing and drove performance despite softness in new commercial and residential construction. Management credited this to operational excellence, automation, and disciplined capital allocation via selective acquisitions and share repurchases.

Analysts will closely watch: rebound in new construction demand, revenue from recently launched products, integration progress of PlastiFab and Bonded Logic, and execution under macroeconomic pressure. CSL closed at $401.76, up from $355.84 intraday on February 10, 2026.

ET 05:13
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Earnings

POWL Analyst Takeaways: Capacity, Data Center Intake, and Margin Outlook

POWL shares rose on Q4 results exceeding expectations, driven by strong non-GAAP profit and record order intake in LNG and data centers. Key areas under analyst scrutiny include the company’s ability to ramp capacity and navigate skilled labor constraints as backlog converts to revenue; the pace of data center order intake and the emergence of follow-on project phases; and margin trends balancing long-cycle industrial projects with higher-volume, repetitive manufacturing. Progress in integrating Remsdaq and expanding high-voltage solutions will also be watched closely. POWL closed at $559.21, up from $453.24 before the earnings.

POWL shares rose on Q4 results exceeding expectations, driven by strong non-GAAP profit and record order intake in LNG and data centers. Key areas under analyst scrutiny include the company’s ability to ramp capacity and navigate skilled labor constraints as backlog converts to revenue; the pace of data center order intake and the emergence of follow-on project phases; and margin trends balancing long-cycle industrial projects with higher-volume, repetitive manufacturing. Progress in integrating Remsdaq and expanding high-voltage solutions will also be watched closely. POWL closed at $559.21, up from $453.24 before the earnings.

ET 05:10
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Narrative

High盛 Releases 7 Key Indicators to Gauge Software Sector Stability: MSFT, ORCL, CRM, NOW, SNOW, CRWV, DDOG

The software sector is navigating heightened volatility from recent earnings reports and AI-related news, with Goldman Sachs publishing seven key indicators to assess when fundamentals may stabilize. January to February 2026 saw Microsoft, ServiceNow, and OpenAI-related headlines amplify investor concerns.
The report highlights two primary areas: competition from AI-native firms and the timing of capital expenditures turning into profitable revenue. Goldman Sachs notes at least two to three quarters of fundamental stability are likely needed before sentiment materially improves.
Key signals include: AI spending translating to effective revenue; shift from custom builds to off-the-shelf solutions; pricing power reflecting AI cost increases; domain expertise creating moats; acceleration in M&A; reallocation of capital and talent; and clearer, less uncertain capacity rollouts.
Sector views: Buy Microsoft, Oracle, Salesforce, ServiceNow, Snowflake; Neutral CoreWeave, Intuit, Workday; Sell Adobe, Databox. Goldman advises waiting for key signals to materialize before accelerating positions amid ongoing macro caution and AI disruption.

The software sector is navigating heightened volatility from recent earnings reports and AI-related news, with Goldman Sachs publishing seven key indicators to assess when fundamentals may stabilize. January to February 2026 saw Microsoft, ServiceNow, and OpenAI-related headlines amplify investor concerns.

The report highlights two primary areas: competition from AI-native firms and the timing of capital expenditures turning into profitable revenue. Goldman Sachs notes at least two to three quarters of fundamental stability are likely needed before sentiment materially improves.

Key signals include: AI spending translating to effective revenue; shift from custom builds to off-the-shelf solutions; pricing power reflecting AI cost increases; domain expertise creating moats; acceleration in M&A; reallocation of capital and talent; and clearer, less uncertain capacity rollouts.

Sector views: Buy Microsoft, Oracle, Salesforce, ServiceNow, Snowflake; Neutral CoreWeave, Intuit, Workday; Sell Adobe, Databox. Goldman advises waiting for key signals to materialize before accelerating positions amid ongoing macro caution and AI disruption.

ET 05:00

Oil Gains On US-Iran Tensions; WTI +0.3% at $82.10 (02-10)

Crude oil extended gains in choppy trading on February 10 as geopolitical risks from US-Iran tensions heightened oil price sensitivity. West Texas Intermediate (WTI) crude futures closed at $82.10 per barrel, up 0.3% from the prior session.
Supporting context: The Organization of Petroleum Exporting Countries (OPEC) and its allies maintain a cautious stance on output policy, with no immediate changes expected. Analysts note that while the immediate catalyst is the regional tension, continued uncertainty could drive further volatility in energy prices.

Crude oil extended gains in choppy trading on February 10 as geopolitical risks from US-Iran tensions heightened oil price sensitivity. West Texas Intermediate (WTI) crude futures closed at $82.10 per barrel, up 0.3% from the prior session.

Supporting context: The Organization of Petroleum Exporting Countries (OPEC) and its allies maintain a cautious stance on output policy, with no immediate changes expected. Analysts note that while the immediate catalyst is the regional tension, continued uncertainty could drive further volatility in energy prices.

ET 05:00

Gold Futures Drop on Weak Trading Volume; SPDR Gold Trust (GLD) Weighs In

Gold futures fell 0.3% to $1,823.50 per ounce by 10:00 AM EST (01:00 UTC) on February 10, 2026, amid thin trading and stable U.S. dollar strength. The SPDR Gold Trust (GLD) declined 1.2% in late trading, reflecting broader weakness in the precious metals sector. With the dollar index at 103.52 and no major central bank policy changes scheduled for the week, investors remained cautious. Output from the COMEX division of the Chicago Mercantile Exchange indicated a 12.6% drop in trading volume compared to the prior trading day.

Gold futures fell 0.3% to $1,823.50 per ounce by 10:00 AM EST (01:00 UTC) on February 10, 2026, amid thin trading and stable U.S. dollar strength. The SPDR Gold Trust (GLD) declined 1.2% in late trading, reflecting broader weakness in the precious metals sector. With the dollar index at 103.52 and no major central bank policy changes scheduled for the week, investors remained cautious. Output from the COMEX division of the Chicago Mercantile Exchange indicated a 12.6% drop in trading volume compared to the prior trading day.

ET 04:56

Bond Markets Back Starmer Amid UK Political Risk Surge

The UK gilt market remains a quiet but critical supporter of Prime Minister Keir Starmer as leadership turmoil within his party drives sell-offs in government bonds. Every escalation in the race against his leadership has been met with higher gilt yields, pushing up borrowing costs and reflecting investor concerns over political chaos, a power vacuum, or fiscal profligacy.
As of February 10, 2026, yields on the 10-year UK government bond hover near crisis highs not fully explained by the Bank of England’s benchmark. Prediction market Polymarket now gives a 25% chance Starmer will remain leader through the year and a 23% chance he will leave by month’s end, while gilt yields adjust in fits and starts rather than in lockstep with risk.
Economists warn the market is in a phase of complacency and may move abruptly when political risks reach a tipping point, as seen after the 2016 Brexit referendum. With public debt high and fiscal rules seen as arbitrary, any shift toward less-disciplined leadership could spark a violent reaction, despite current support for Starmer.

The UK gilt market remains a quiet but critical supporter of Prime Minister Keir Starmer as leadership turmoil within his party drives sell-offs in government bonds. Every escalation in the race against his leadership has been met with higher gilt yields, pushing up borrowing costs and reflecting investor concerns over political chaos, a power vacuum, or fiscal profligacy.

As of February 10, 2026, yields on the 10-year UK government bond hover near crisis highs not fully explained by the Bank of England’s benchmark. Prediction market Polymarket now gives a 25% chance Starmer will remain leader through the year and a 23% chance he will leave by month’s end, while gilt yields adjust in fits and starts rather than in lockstep with risk.

Economists warn the market is in a phase of complacency and may move abruptly when political risks reach a tipping point, as seen after the 2016 Brexit referendum. With public debt high and fiscal rules seen as arbitrary, any shift toward less-disciplined leadership could spark a violent reaction, despite current support for Starmer.

ET 04:48

Russia’s Oil Revenue Plummets as U.S., EU Sanctions Cut Through Shadow Tankers; Budget Pressures Rise

Russian oil and gas revenues, once a critical funding source for the war in Ukraine, have sharply declined as U.S. and European Union sanctions target major exporters and shadow tankers. Since Nov. 21, Rosneft and Lukoyl face banking system exclusion, while the EU began banning refined products from Russian crude and is considering a ban on seaborne oil shipping.
Sanctions have driven discounts on Urals crude to about $38 per barrel, a $25-per-barrel wider than Brent, and build-up of about 125 million barrels at sea has inflated tanker rates to $125,000 per day. January state oil and gas taxes fell to $5.1 billion, the lowest since the pandemic.
Slowing growth (Q3 GDP +0.1%, 0.6%0.9% forecast for 2026) and persistently high inflation (5.6%) are squeezing the budget. Moscow has raised VAT to 22% and increased borrowing to offset revenue shortfalls, signaling potential for a reduction in war intensity as costs escalate.

Russian oil and gas revenues, once a critical funding source for the war in Ukraine, have sharply declined as U.S. and European Union sanctions target major exporters and shadow tankers. Since Nov. 21, Rosneft and Lukoyl face banking system exclusion, while the EU began banning refined products from Russian crude and is considering a ban on seaborne oil shipping.

Sanctions have driven discounts on Urals crude to about $38 per barrel, a $25-per-barrel wider than Brent, and build-up of about 125 million barrels at sea has inflated tanker rates to $125,000 per day. January state oil and gas taxes fell to $5.1 billion, the lowest since the pandemic.

Slowing growth (Q3 GDP +0.1%, 0.6%0.9% forecast for 2026) and persistently high inflation (5.6%) are squeezing the budget. Moscow has raised VAT to 22% and increased borrowing to offset revenue shortfalls, signaling potential for a reduction in war intensity as costs escalate.

ET 04:32

European Shares Weigh US Data As Earnings Season Begins (FTSE: +0.2%, DAX: -0.4%)

European shares opened lower on February 10, 2026, as investors weighed mixed US economic data and the start of the earnings season. The FTSE fell 0.2% and the DAX dipped 0.4% at the opening. The dollar strengthened against the euro amid mixed manufacturing and employment reports, pressuring exporters. Major banks reported mixed results, with volatility expected in the banking sector as earnings are released over the next two weeks. The broader S&P 500 and Nasdaq Composite are also under watch for direction.

European shares opened lower on February 10, 2026, as investors weighed mixed US economic data and the start of the earnings season. The FTSE fell 0.2% and the DAX dipped 0.4% at the opening. The dollar strengthened against the euro amid mixed manufacturing and employment reports, pressuring exporters. Major banks reported mixed results, with volatility expected in the banking sector as earnings are released over the next two weeks. The broader S&P 500 and Nasdaq Composite are also under watch for direction.