Geopolitical Developments - The New START treaty between the U.S. and Russia is set to expire, marking the end of the last major nuclear arms control agreement, raising concerns about global strategic stability and the potential for an unconstrained nuclear arms race [2] - Iran has summoned all EU ambassadors in response to the EU's designation of its Revolutionary Guard as a terror group, while the Iranian Foreign Minister indicated a realistic approach in ongoing negotiations with the U.S. [3] Market Performance - Europe's Basic Resources Index fell sharply by 3.3%, indicating its largest daily drop in nearly ten months, affecting major companies like Glencore, which dropped by 4.1%, and Julius Baer, which fell by 1.9% [5] - Economic data from Europe showed mixed results, with Switzerland's Manufacturing PMI at 48.8, below expectations, while the Services PMI rose to 53.8, indicating expansion [6] Corporate News - Royal Caribbean Group received a target price increase from JP Morgan, moving from $368 to $371 [7] - Tesla saw a significant increase in new registrations in Sweden, up 26.4% year-over-year in January [7] - Lloyds had its rating cut to "Sell" from "Hold" by Shore Capital, although its target price was raised from 84p to 91p [7]