**GLOBAL MARKET UPDATE: FEB 03, 2026** **Markets Rally on Trade Deal Optimism** Global equities are surging today, driven by the newly announced **US-India trade agreement** and easing geopolitical tensions. Risk appetite has returned, pushing stocks higher while safe-haven assets like gold and oil face steep sell-offs. **🇺🇸 US Market Wrap (Feb 2 Close)** Wall Street kicked off February with strong gains. The **Dow Jones** jumped **515 points (+1.1%)** to close at **49,407**, while the **S&P 500** rose **0.5%** to **6,976**, finishing just shy of a record high. * **Tech Lead:** SanDisk soared **15%** on AI demand; Western Digital gained **8%**. * **Trump Trade:** Optimism surrounding the new trade pact (cutting US tariffs on Indian goods to 18%) fueled gains in export-heavy sectors. * **Laggards:** Nvidia slipped **3%** on reports of stalled OpenAI investments. **🌏 Asia Surge (Feb 3 Live)** Asian indices are staging a massive rally in reaction to the trade deal and positive US cues. * **India:** Sensex and Nifty opened gap-up, with Sensex surging over **3,600 points (+4.5%)** in early trade. * **South Korea:** KOSPI skyrocketed **5%**, triggering a buy-side circuit breaker, bouncing back from yesterday's heavy losses. * **Japan:** Nikkei 225 gained **2.5%**, recovering recent declines. **🛢 Commodities & Forex** Safe-haven assets are crashing as risk sentiment improves. * **Gold:** Prices plummeted, settling near **$4,652/oz** (down ~1.9%) after briefly dipping below **$4,500**. * **Silver:** High volatility continues; prices swung wildly, dropping significantly overnight. * **Oil:** Crude dropped **4%** after signals of improving US-Iran relations, easing supply fears. **₿ Crypto Watch** Bitcoin remains under pressure despite the risk-on mood in equities. * **BTC:** Trading near **$95,000**, struggling to regain the $100k mark amid regulatory worries and profit-taking. * **Liquidations:** High volatility has triggered over **$2.5 billion** in crypto liquidations over the last 24 hours. **📅 Week Ahead** * **Focus:** Traders are eyeing the delayed **US January Jobs Report** (expected Feb 6) and upcoming central bank opinions from the BOJ. * **Earnings:** Big Tech earnings continue, with Alphabet and Amazon results due later this week.