U.S. stock futures for the three major indices declined in pre-market trading on Monday, February 9. At the time of writing, Dow Jones futures were down 0.06%, S&P 500 futures fell 0.17%, and Nasdaq futures dropped 0.33%.

In European markets, Germany's DAX index gained 0.32%, while the UK's FTSE 100 index fell 0.13%. France's CAC 40 edged up 0.03%, and the Euro Stoxx 50 rose 0.21%.

WTI crude oil increased by 0.44% to $63.83 per barrel, while Brent crude rose 0.41% to $68.33 per barrel.

Market attention turns to key economic data releases this week. On Tuesday, the U.S. Commerce Department will release December retail sales figures. The delayed January nonfarm payrolls report, postponed due to a brief government shutdown, is scheduled for Wednesday. Economists anticipate the addition of 70,000 jobs last month, with the unemployment rate expected to hold steady at 4.4%. This jobs report arrives as the U.S. labor market shows signs of instability. Notably, the January report will include annual benchmark revisions, which are expected to show significantly lower job growth than initially reported for the period through March 2025.

On Friday, crucial inflation data will be released. The Consumer Price Index (CPI) report is forecast to show a 0.3% monthly increase and a 2.5% annual rise.

Corporate earnings season continues this week with reports expected from prominent companies such as Coca-Cola, McDonald's, Cisco, and onsemi.

Morgan Stanley strategists expressed optimism for U.S. tech stocks, citing strong sales prospects supported by the AI boom. A team led by Michael Wilson noted that revenue growth expectations for large tech firms have reached multi-decade highs, while their valuations have declined following recent market volatility. Wilson suggested that the sell-off in software stocks has created attractive buying opportunities for names like Microsoft and Intuit, asserting that the fundamental outlook for AI remains robust.

Goldman Sachs' trading desk warned of potential selling pressure from trend-following algorithmic funds this week. Analysis indicates that the S&P 500 has breached short-term triggers for Commodity Trading Advisor (CTA) selling. Goldman estimates these systematic strategies could sustain net equity sales, projecting approximately $154 billion in selling if markets remain flat. A further market decline, potentially triggering an additional $80 billion in systematic selling, could occur if the S&P 500 falls below the 6,707 level.

A Bank of America report highlighted a correlation between former President Donald Trump's approval ratings and pressure on the U.S. dollar and financial markets. Strategist Michael Hartnett suggested that market support may be limited until a substantial recovery in Trump's polling numbers occurs, reflecting investor reliance on policy certainty.

A recent survey of economists by the University of Chicago's Clark Center for Financial Markets challenged the notion that AI will significantly boost productivity and justify near-term interest rate cuts. Nearly 60% of the 45 respondents saw minimal impact from AI on inflation or neutral rates in the next two years, with about a third suggesting AI-driven growth could slightly increase neutral rates, complicating the case for easing monetary policy.

Discussions around a potential new agreement between the Federal Reserve and the Treasury Department, reminiscent of the 1951 Accord, could reshape the $30 trillion U.S. bond market. While details remain undisclosed, such a framework might define the Fed's balance sheet size and coordinate Treasury issuance, with potential implications for market volatility and perceptions of Fed independence.

In corporate news, Goldman Sachs is collaborating with AI startup Anthropic to develop autonomous agents aimed at automating internal functions, starting with trade accounting and client due diligence processes. The agents, based on Anthropic's Claude model, are in early development stages.

BHP Group plans to double its investment to approximately $800 million this year in major copper mining projects located in the Argentina-Chile border region. This move comes amid growing global warnings of a copper supply shortage critical for electrification.

U.K.-based NatWest Group agreed to acquire wealth manager Evelyn Partners for £2.7 billion, aiming to expand its high-net-worth client coverage. However, analysts at Jefferies noted the deal could dilute earnings per share and tangible book value, reducing near-term buyback capacity. NatWest shares fell nearly 6% in pre-market trading.

Sohu.com reported fourth-quarter 2025 revenue of $142 million, a 6% year-over-year increase. Full-year 2025 revenue reached $584 million.

Key economic data and events scheduled for the upcoming days include the U.S. New York Fed's one-year inflation expectations, speeches from Federal Reserve officials including Governor Waller and Atlanta Fed President Bostic, and earnings reports from companies like onsemi, BP, Philips, Honda, AstraZeneca, Barclays, Coca-Cola, Datadog, and Canaan.