12th February 2026 – Higher than expected jobs data curbs rate cut bets

MPC Markets Morning Call · Feb 11, 2026 · 11m

In this morning's edition of the NPC Markets Morning Call, Mark Gardner discusses the unexpected jobs data and its implications for rate cuts and inflation. He analyzes market reactions, particularly in the technology and financial sectors, and highlights the performance of commodities like gold and silver. The conversation also covers recent earnings reports from major companies and the outlook for the market, emphasizing the importance of investment strategies in the current economic climate.

Takeaways

• Unexpected jobs data suggests rate cuts are off the table.

• High inflation numbers…