Read more
10:57 AM · 5 February 2026

Morning wrap (05.02.2026)

-
-
Open account Download free app
-
-
Open account Download free app
-
-
Open account Download free app
  • Alphabet’s results and record CAPEX plans helped trim losses for tech stocks in after-hours trading, though U.S. index futures remain in the red. Nasdaq 100 futures have climbed back above 25,000 following yesterday’s slump (US100: -0.3%; US500: -0.3%), while Dow Jones futures are trading flat. EU50 is gaining 0.15% ahead of the European session open.

  • Alphabet beat expectations, reaching $113.8 billion in revenue thanks to strong AI monetization and dynamic growth in Google Cloud (+48% y/y). However, investors are still digesting the unprecedented CAPEX spending plan for 2026 ($175–$185 billion), aimed at cementing the company’s dominance in cloud infrastructure at the cost of short-term margin pressure. The data primarily benefited the company’s suppliers, such as Nvidia (+1.7% in after-hours trading). Alphabet itself is down 1.9% in pre-market.

  • Asian markets are following yesterday’s declines on Wall Street, driven by a major reshuffle in the tech sector as investors search for "clear winners." South Korea’s KOSPI is sliding 4% under pressure from declines in Samsung and SK Hynix (-5.8% and -6.8% respectively). The JP225 is diving 1.4%, though losses are being cushioned by positive earnings from Panasonic and Renesas. CHN.cash and HK.cash are currently in the green (+0.9% and +0.5% respectively).

  • The Dollar continues its advance against all G10 currencies (GBPUSD: -0.3%, USDJPY: +0.1%). Risk aversion continues to weigh on Antipodean currencies (AUDUSD: -0.35%, NZDUSD: -0.2%). Falling oil prices are pushing down the Norwegian Krone (USDNOK: +0.5%). EURUSD is losing approximately 0.15%, trading near 1.1788.

  • Precious metals are returning to dramatic declines: Silver is sliding 10% to $78.80, completely erasing the rebound of the last two sessions, while Gold retreats another 0.7% to $4,926; Platinum futures are losing 6%.

  • Brent and WTI oil are also erasing yesterday’s gains (-1%), while NATGAS gains for the third consecutive session (+2%).

  • The crypto sell-off shows no signs of slowing down as major tokens approach psychological support levels: Bitcoin is losing 2.1% to $70,900, while Ethereum slides another 1.3% to $2,090.

5 February 2026, 11:05 PM

Daily summary: Red dominates on both sides of Atlantic

5 February 2026, 9:55 PM

Disaster for Volvo shares. Is this the end of an iconic brand?

5 February 2026, 7:58 PM

🚨US100 loses 2% amid US technology stocks sell-off

5 February 2026, 7:45 PM

Technical analysis: Bitcoin deepens decline falling to $66.5k 📉

The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.

Join over 2 000 000 investors from around the world