Global Markets Update: SNB Sight Deposits Rise, BoJ Eyes Tightening Despite Weak GDP, and Anthropic Expands in India
UBSUBS(US:UBS) Stock Market News·2026-02-16 09:08

Economic Developments - The Swiss National Bank (SNB) reported a rise in total sight deposits to CHF 452.7 billion for the week ending February 13, up from CHF 447.4 billion the previous week, indicating a shift in liquidity management [2][8] - Japan's Q4 GDP grew by only 0.2% annualized, significantly below the market expectation of 1.6%, while the Bank of Japan (BoJ) is expected to continue its hawkish tightening path due to persistent inflationary pressures [3][8] Corporate Developments - AI safety company Anthropic opened a new operations hub in Bengaluru, India, following a $30 billion funding round that valued the company at $380 billion, with India becoming the second-largest market for its Claude AI [4][8] - UBS Group AG faced backlash in China after its UBS SDIC Silver Futures Fund LOF switched its valuation benchmark, resulting in a 31.5% drop in net asset value, leading to a temporary suspension of trading [5][8] Geopolitical Trends - Iran is negotiating the removal of U.S. sanctions, offering to dilute its stockpile of highly enriched uranium in exchange for economic relief, including joint investments in oil and gas fields and civilian aircraft purchases [6][8] - Thailand's economy is showing signs of a U-shaped recovery, with a maintained GDP growth forecast of 2.0% for 2026, supported by a resilient manufacturing base and a shift towards high-value medical tourism [7][8]

Global Markets Update: SNB Sight Deposits Rise, BoJ Eyes Tightening Despite Weak GDP, and Anthropic Expands in India - Reportify