Latest / MPC Markets Morning Call
23rd February 2026 – Stocks finish higher despite Investors Juggling Multiple Key Risks
The 23 February MPC Morning Call covers a resilient US equity session despite renewed Trump tariffs, slowing growth, sticky inflation and rising Iran-related geopolitical risk, alongside strength in precious metals, emerging private credit stress via Blue Owl, and an improving local earnings tone led by Ampol, ahead of a catalyst-heavy week for AI bellwethers, Fed speakers and key inflation prints.
US equities closed about 0.8% higher, led by the MAG7, despite the Supreme Court ruling on Trump’s tariff powers and his announcement of new 15% tariffs.
US data showed slower growth (GDP 1.4%…
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