MARKETS

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Delayed 15 min · 19:00 GMT

FLASH

Moderna lifts 2026 growth outlook to 15–25% after 29% Q3 jump Panama’s $8.5B Bet: The Canal That Wants to Be More Than a Canal Microsoft reportedly winds down Oracle AI-computing deal; Oracle falls 4% Up 1,500, down 1,800: Wall Street’s wildest week since the 2025 tariff crash Fox closes $22B Roku takeover months ahead of schedule Nikkei, Kospi plunge 6% as AI crash spreads to Asia Nasdaq crashes 5.5% as $2.5 trillion vanishes in AI rout Europe’s Stoxx 600 hits record as money rotates out of AI Toyota soars 16.7%, raises profit forecast 15% on hybrids, weak yen Europe’s defence darling, Rheinmetall, plunges 16% after second sales cut in three months

Moderna lifts 2026 growth outlook to 15–25% after 29% Q3 jump Panama’s $8.5B Bet: The Canal That Wants to Be More Than a Canal Microsoft reportedly winds down Oracle AI-computing deal; Oracle falls 4% Up 1,500, down 1,800: Wall Street’s wildest week since the 2025 tariff crash Fox closes $22B Roku takeover months ahead of schedule Nikkei, Kospi plunge 6% as AI crash spreads to Asia Nasdaq crashes 5.5% as $2.5 trillion vanishes in AI rout Europe’s Stoxx 600 hits record as money rotates out of AI Toyota soars 16.7%, raises profit forecast 15% on hybrids, weak yen Europe’s defence darling, Rheinmetall, plunges 16% after second sales cut in three months

Markets

Europe’s Stoxx 600 hits record as money rotates out of AI

European stocks traded at or near record highs through Thursday, as investors moved money out of AI names and into miners and consumer stocks.

News | 6 November 2026

Europe’s Stoxx 600 hits record as money rotates out of AI

The AI trade’s loss is Europe’s gain.

The Stoxx 600 climbed above its August peak on Thursday, with miners and consumer stocks leading.

The logic: Europe has little exposure to the AI chip trade that just got hit after the US midterms, and plenty of exposure to steel, mining and consumer goods.

ArcelorMittal rose 6% after beating profit forecasts.

Europe’s chip names didn’t escape: ASML fell 2.7% and Soitec 4.5%.

Cheaper oil helped too, with Brent back below $100.