European shares rise as Asian markets shut for Lunar New Year
European shares rise as Asian markets shut for Lunar New Year
- European stock markets showed gains despite a quiet day in Asia due to celebrations for Lunar New Year.
- Japan's Nikkei 225 index fell due to weak economic data and profit-taking after recent rallies.
- Overall market sentiment is mixed as investors remain cautious about inflation and its impact on interest rates.
Story
On February 17, 2026, European stock markets experienced a positive trading session after a day of inactivity in most Asian markets, which were closed in observance of Lunar New Year holidays. The French CAC 40 saw a slight rise of 0.1%, reaching 8,318.51 points, while the German DAX climbed by 0.2%, finishing at 24,845.47 points. The British FTSE 100 also made gains, increasing 0.4% to close at 10,481.00 points. The trading activity on this day followed a mixed performance in U.S. markets, where trading was halted the previous day for Presidents Day. Despite the positive movements in Europe, sentiment in Tokyo remained subdued due to disappointing economic data from Japan, which overshadowed gains on the broader Asian markets. The Nikkei 225 index fell by 0.4%, settling at 56,566.49 points, reflecting profit-taking among traders after a significant rally in the prior week, driven by excitement over Prime Minister Sanae Takaichi's ruling party's electoral victory and hopes for economic revival. However, recent trends suggest that the public’s optimism towards Takaichi's economic policies is waning. In Australia, the S&P/ASX 200 saw a modest increase of 0.2% to 8,958.90 points, and India’s Sensex also saw slight gains. This trend was mirrored in Thailand, where the SET index rose by 1.4%. Investors were also exhibiting cautious behaviors as they monitored inflation trends and interest rates due to previous fluctuations in market confidence surrounding substantial investments in artificial intelligence technologies. In energy markets, benchmark U.S. crude climbed by 26 cents to $63.15 a barrel, while Brent crude fell by 65 cents to $68.00 a barrel. The U.S. dollar weakened against the Japanese yen, and gold and silver prices fell significantly. Furthermore, Bitcoin experienced a 1.3% decline, bringing it to around $68,000. The gathering of jobs data from Britain later in the day was another point of interest for investors assessing broader economic trends.