Daily Summary: Global Markets Slide Amid Big Tech Earnings Disappointment, Inflation Data, and Weaker Economic Indicators

US100

Indices

Microsoft

Stocks

MSFT.US, Microsoft Corp

Meta

Stocks

META.US, Meta Platforms Inc - class A

US stock markets dump after Big Tech earnings with US100 leading losses (-1.98%), US500 -1.42% down and US2000 leading 1.4% lower.
European markets close lower, with French FRA40 and Polish W20 leading losses 1.12% and 1.2% decline respectively. Spanish SPA35 and Italian ITA40 were the best performing, down 0.4%.
Asian-Pacific markets show similar performance, led by Japan's JP225 declining(+2.6%), CH50cash (-0.6%) and some indices flat CHN.cash (0.03) and VIET30 gaining (+0.51%).
Fed’s preferred inflation measure (PCE) came in in line with initial expectations (PCE Price index: actual 2.1% YoY; forecast 2.1% YoY; previous 2.2% YoY).
US jobless claims reading was lower than expected, marking 5-month low and showing strength in the US labor market (216k, forecast: 230k, previously: 227k, revised to 242k).
Hong Kong Q3 GDP growth came in 1.8% YoY vs 3.1% exp. and 3.2% in Q2 2024. Quarterly GDP surprisingly dropped by -1.1% while markets anticipated 0.2% growth after 0.4% in Q2 2024. Overall, data point to slowing economy. The reading will be revised on November 15, with more details.
Eurozone CPI dynamic (flash for October) came in 2% YoY vs 1.9% exp. and 1.7% previously.
The Chicago PMI fell to 41.6, well below forecasts and the 50-mark, signaling a deepening contraction in the region's manufacturing sector.
US indices declined sharply after negative reactions to Microsoft and Meta earnings, despite both companies beating top and bottom-line expectations. The selloff intensified on concerns about elevated AI infrastructure spending and moderating cloud growth outlook.
Energy commodities bounce back with only Natural Gas plummeting (-4.01%), while OIL and OIL WTI are 1.33% and 1.61% higher respectively.
Precious metals decline with Palladium and Silver leading (-2.62% and -2.95% respectively), followed by Platinum (-1.63%) and Gold (-1.49%)
Despite record inflows to Bitcoin ETFs, cryptocurrencies suffer losses. Bitcoin retest $70,000 (-2.83%). Ethereum declines 5.43% while Dogecoin loses 4.46%.
JPY is the strongest currency today, following BoJ mentioning possible rate hikes. USDJPY dropped nearly 1% today, USD also weakened against euro in the light of higher than expected eurozone CPI. The British pound remains the weakest currency, as investors fret over the UK's budget (EURGBP: +0.7%).

4 November 2025, 6:53 AM

Economic calendar: Speeches by central bankers; quarterly results from Ferrari, AMD, and Pfizer (04.11.2025)

3 November 2025, 4:31 PM

US100: Wall Street's stronghold of growth❓

3 November 2025, 11:10 AM

Chart of the day - OIL (03.11.2025)

3 November 2025, 9:04 AM

BREAKING: PMI data from European countries came in line with expectations 🔎

forex
commodities
indices
crypto
stocks

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days

Daily Summary: Global Markets Slide Amid Big Tech Earnings Disappointment, Inflation Data, and Weaker Economic Indicators

Join over 2 000 000 XTB Group Clients from around the world