Global Stocks Near Records as BlackRock Enters DeFi

Feb 12, 2026

Markets are buoyant after stronger-than-expected US jobs, pushing global indexes near record highs. Discussion covers shifting Fed expectations ahead of jobless claims and CPI. UK growth quirks and Nuveen's takeover of Schroders get attention. Institutional moves into tokenized finance are highlighted as BlackRock lists a Treasury-backed token on Uniswap amid steady crypto trading and renewed legal drama around FTX.

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INSIGHT

Jobs Data Shifts Market Narrative

Strong US jobs data shifted investor focus from imminent rate cuts to economic resilience.
MSCI All-World rallied and traders reassessed Fed cut odds after the payrolls surprise.

INSIGHT

Global Stocks Near Records

Global equities climbed with MSCI All-World near record highs and Korea's Kospi breaking 5,500.
The market now prices a higher chance the Fed will hold rather than cut in June.

ADVICE

Monitor Jobs Claims And CPI

Watch initial jobless claims and tomorrow's CPI as they will shape Fed expectations for June.
Use these data points to reassess positioning ahead of the Fed decision.

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Global markets are leaning into growth.

Following the upside surprise in U.S. non-farm payrolls — with 130,000 jobs added and unemployment falling to 4.3% — investors are focusing on economic resilience rather than fading hopes of aggressive rate cuts. MSCI’s All-World index is trading near record highs, while South Korea’s Kospi has crossed 5,500 for the first time.

Attention now turns to initial jobless claims and the upcoming CPI print, which could shape expectations for the Federal Reserve’s June decision. CME FedWatch odds for a rate hold have climbed to 40%.

In the UK, GDP expanded just 0.1% in Q4, while industrial production fell unexpectedly. Meanwhile, Nuveen has agreed to acquire asset manager Schroders for $13.5 billion.

In digital assets, crypto markets remain steady despite Blockfills halting withdrawals. BlackRock is deepening its move into tokenized finance, bringing its Treasury-backed BUIDL token to Uniswap through Securitize. Court drama surrounding FTX has resurfaced, and Kraken has replaced its CFO ahead of its public listing.

A busy macro backdrop with institutional crypto developments accelerating beneath the surface.

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