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European Morning Brief · Friday 30 October 2026

The Trade Academy Team

Oct 30

1 min read

Amazon and Intel sink as AI costs bite — and Lagarde announces an early exit from the ECB
Amazon fell around 12% after hours on Thursday as a profit miss and $42.4 billion of negative free cash flow overshadowed its fastest cloud growth in five years, and Intel dropped 22% on weak PC demand, pushing Nasdaq 100 futures down 1%. Asian chip stocks took another hit: Seoul fell 3.48%, Taipei 2.49% and Tokyo 2.12%, even as the Bank of Japan held rates and signalled increases ahead. The ECB kept its deposit rate at 2.5% and flagged a December increase, while Christine Lagarde said she will step down in February, nine months early. US inflation rose to 3.6% and gold has slipped below $4,000. European shares, which closed Thursday at a seven-week high, are easing this morning. — Amazon and Intel sink as AI costs bite — and Lagarde announces an early exit from the ECB

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