Caroline Hepker

Meanwhile, Spain's Prime Minister says his government will ask prosecutors to open a probe into X, Meta and TikTok over possible crimes through the creation and distribution of child pornography using AI.

The mining giant BHP posted bumper profits thanks to a surge in demand for copper and a broader metals rally.

Earnings rose 22% year-on-year as a years-long effort to boost copper production paid off.

According to the firm's CFO, Vandita Pand, BHP is set to boost its offering of the metal even further.

BHP's Vantida Pant there speaking after the latest earnings announcement.

After the news, BHP shares in Sydney hit a record high.

In London, shares are up as much as 3.7%.

And those are our top stories for you this morning.

Looking at the markets, European stocks are up by two-tenths of 1%, 5,100 up four-tenths of 1%.

The pound is still weaker after the UK jobs figures out this morning, down three-tenths of 1%, 135.88.

Looking at stock futures for the US market open, Nasdaq futures are...

down by half of 1%.

We had lacklustre trading in Asia because of the Lunar New Year holidays, very thin trading.

In terms of the bond markets, US yields on the 10-year approaching 4%, 4.02%.

So down three basis points for 10-year treasuries.

UK gilts down four basis points at 4.36%.

And you have gold weak at 1.4%.

Oil also down by more than 1% for Brent crude futures.

Those are the markets, Stephen.

I'm Caroline Hepka and this is Bloomberg.