JPMorgan predicted that if the new US crypto market structure legislation is approved by mid year, the crypto market could strengthen in the second half of 2026. The plan seeks to create a transparent regulatory framework for digital assets, but it is moving slowly in the Senate due to disagreements. One of the main challenges is whether platforms such as Coinbase Global Inc. should be allowed to pay yields to stablecoin holders, something banks view as a risk to financial stability. Matt Hougan says crypto downturns usually end gradually and with volatility, and a rapid price rebound appears unlikely.

Ukraine’s chief negotiator said participants in the Geneva talks consulted with Volodymyr Zelensky about the course of discussions and that the main focus of these negotiations has been on the issue of Ukraine’s post war reconstruction. He stressed that under current conditions the priority for all sides is to make upcoming trilateral meetings as productive as possible so that final frameworks in the security and economic fields can be defined and stabilized.

UK consumer confidence, according to GfK, fell in February for the first time in three months to minus 19. Rising concerns about unemployment and cost of living pressures have made households less willing to make major purchases. Data show job insecurity, especially among young people, is increasing rapidly and nearly 1 million individuals aged 16 to 24 are out of work and education. Central bank policymakers, including Catherine Mann, are monitoring these developments when considering the timing of potential interest rate cuts.

Goldman Sachs has forecast that US inflation for February will be lower than market expectations, with core CPI rising about 0.17% month-on-month (below the 0.2% estimate) and annual core inflation at 2.42%. Falling prices for used cars, auto insurance, and moderation in housing inflation are the main factors softening price pressures, although tariffs may exert mild upward pressure. These data could influence the Federal Reserve's monetary policy path and bond yields, while supporting risk assets.