European Stocks Extend Losses

2026-02-05 13:36 By Joana Taborda 1 min. read

Both the STOXX 50 and the STOXX 600 extended losses on Thursday, falling 0.6% and 0.7%, respectively, as a global tech sell-off resumed amid persistent concerns over AI-related disruption and elevated valuations.

ASML Holding (-0.5%) and Siemens (-0.2%) reversed early losses.

Traders were also digesting a fresh round of corporate earnings and monetary policy decisions from the Bank of England and the ECB that left borrowing costs unchanged as expected.

Shell fell 1% after missing profit estimates amid lower crude prices.

BBVA tumbled more than 6% as its results failed to meet investor expectations.

Maersk plunged 4.5 after warning of a decline in earnings in 2026, while Vestas slid 7.8% following a profit miss.

Rheinmetall also dropped 7% after cutting its guidance.

On the upside, BNP Paribas gained 2.7% after raising its outlook for shareholder returns, and ArcelorMittal was up 1% after reporting a stronger-than-expected Q4 profit.



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