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US stock futures (ES=F, NQ=F, YM=F) are mixed Friday morning after the S&P 500 (^GSPC) hit a fresh record high this week. Global markets, especially in China, are undergoing their own rally this morning.
The University of Michigan's final consumer sentiment reading for February is due out later this morning.
Berkshire Hathaway (BRK-B, BRK-A) CEO Warren Buffett will be releasing his annual letter to shareholders over this weekend, ahead of the firm's latest earnings report due out next Friday, February 28.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
This post was written by Luke Carberry Mogan.
Let's get you the three things that you need to know today. Good morning, everyone. First up, US stock futures are wavering after the S&P 500 hit fresh record highs this weekend as a global stock rally that persists right now. China stocks surging today after strong earnings from Alibaba fueled some optimism over artificial intelligence sending Chinese technology stocks to their highest levels since give this 2022. In Europe, the stock 600 index is heading for its ninth consecutive weekly gain on the back of resilient profits and optimism over peace talks in Ukraine.
Plus investors looking ahead to a fresh set of economic data out this morning. The final reading of the University of Michigan's Consumer Sentiment that will be crossing the wire in just about an hour. The report following a preliminary reading that showed sentiment actually fell to a seven month low in early February. That was due to an increased short-term inflation expectations, much of that related to tariff concerns.
And over the weekend, investors will be watching out for Warren Buffett's annual letter to shareholders. The veteran investor known as the Oracle of Omaha will release his letter as well as Berkshire's annual earnings report. With the famed investors cash piles at record highs, investors will be looking for any clues on his investment outlook after he cut his holdings in Bank of America last quarter and kept his Apple stake intact.
