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Europe struggles to shake off tech rout, silver savaged again

Reuters Videos Thu, February 5, 2026 at 6:40 AM EST STORY: World stocks dropped again on Thursday (February 5) as they struggled to shake off a tech rout.Asian markets slumped, although European bourses saw a relatively level start.The region’s tech stocks bounced roughly 2% following a 7% fall over the last two sessions.Investors have grown…

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Europe struggles to shake off tech rout, silver savaged again
Europe struggles to shake off tech rout, silver savaged again

Reuters Videos

<span>STORY: World stocks dropped again on Thursday (February 5) as they struggled to shake off a tech rout.</span><span>Asian markets slumped, although European bourses saw a relatively level start.</span><span>The region’s tech stocks bounced roughly 2% following a 7% fall over the last two sessions.</span><span>Investors have grown concerned about the rising costs of the <a href="https://beyondlink.live/can-caterpillars-momentum-continue-in-2026-and-beyond/">AI</a> boom for tech companies.</span><span>Google-parent Alphabet shocked markets Wednesday with a capex spending plan of as much as $185 billion this year.</span><span>That was 55% more than analysts expected.</span><span>The update sent its shares down over 6% for a while.</span><span>It also followed a 17% plunge in chipmaker AMD’s stock to continue a massive tech selloff.</span><span>It’s wiped out almost $850 billion of market value this month.</span><span>Investors will look out for further earnings from tech giant Amazon later Thursday</span><span>While Europe also gets ready for a busy day of central bank meetings.</span><span>Both the European Central Bank and Bank of England are expected to hold their rates steady.</span><span>Elsewhere, precious metals also dived on Thursday to end two days of gains after last week’s huge declines.</span><span>Silver endured a 14% crash in the metals markets before scaling back somewhat.</span><span>Gold was also down around 1.5%.</span>

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