Market Brief: Global Equity and Commodity Update Global markets are showing resilience as of **February 19, 2026**, supported by strong technology investments and a stabilization in global growth projections. The International Monetary Fund recently adjusted its **2026 global growth forecast to 3.3%**, citing private sector adaptability and fiscal support as primary drivers against ongoing trade policy shifts. U.S. Equity Performance U.S. indices reached fresh milestones in mid-February. The **S&P 500** is currently trading near **6,881**, reflecting a daily gain of **0.56%**. The **Nasdaq 100** has reclaimed the **25,000** level, up **0.78%** as large-cap technology stocks continue to lead the market rebound. The **Dow Jones Industrial Average** stands at **49,662**, a gain of **0.26%**. While the "Magnificent Seven" stocks have provided a significant bounce, analysts are closely monitoring potential resistance at the **50,272** mark. Market volatility remains present, with the **VIX** cooling by **3.3%** to settle at **19.62**. Commodities and Energy Precious metals are experiencing significant price swings. **Gold** prices have faced recent pressure, falling below the **$4,900** per ounce mark to trade near **$4,861**. Despite this short-term volatility, some long-term forecasts remain bullish, with projections suggesting a potential rise toward **$5,600** by year-end due to sustained macroeconomic demand. **Silver** experienced a sharper correction, with prices dropping roughly **5.6%** to settle near **$73.45** per ounce. In the energy sector, **Brent crude** remains range-bound, currently trading near **$62** per barrel. Geopolitical tensions in the Middle East provide a floor for prices, while rising supply from North America prevents a significant breakout. **Natural gas** remains under bearish pressure, with futures hovering around the **$2.75** mark. Central Bank Policy The **Federal Reserve** and other major central banks are maintaining a "wait and watch" approach. Recent FOMC minutes suggest a hawkish tilt as officials look for more definitive signs that inflation is returning to the **2%** target. In India, the **Reserve Bank of India** kept the repo rate unchanged at **5.25%** during its February meeting. The bank maintains a neutral stance, noting that while inflation is currently benign, global uncertainties warrant a cautious approach to further rate cuts. Regional Highlights Asian markets show a divergent trend. **South Korea** reported a surge in semiconductor exports, while **China’s** growth outlook remains at approximately **4.6%** for 2026. Trade patterns are shifting, with U.S. imports from Southeast Asia—particularly Thailand and Vietnam—increasing as companies diversify supply chains away from traditional hubs.