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European Morning Brief · Thursday 29 October 2026

The Trade Academy Team

Oct 29

1 min read

Microsoft soars, Alphabet sinks — and the ECB decides after the Fed holds in a split vote
Big Tech delivered a split verdict on AI. Microsoft rose about 5% after hours as its Azure cloud business grew 48% and spending came in below forecasts, while Alphabet fell around 9% after a profit miss, an advertising slowdown and heavy investment, pulling Nasdaq futures lower. The Fed held rates in a 10–2 split vote, saying it needs more information, and Treasury yields rose. In Asia, Samsung posted a record profit but its shares fell almost 5%, while Tokyo gained ahead of the Bank of Japan. Europe edged higher on Wednesday, with Genmab up 29% on cancer-drug data. The ECB decides today and is expected to hold. — Microsoft soars, Alphabet sinks — and the ECB decides after the Fed holds in a split vote

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