NewsSignals AI analysis·Reuters·Nov 5, 2026

Tech selloff, defence weakness weigh on European shares

Grade Abearish AI signal$SPX$NDX$BRENT$UK100

European shares fell on Thursday as a sharp technology selloff and weakness in defence stocks dragged the STOXX 600 down 0.38% to 654.87 points. European technology stocks plunged 3.2% to a nearly two-month low, while Rheinmetall sank 16.1% after cutting its 2026 sales forecast for the second time in three months. Continued AI spending uncertainty, geopolitical risks and rising oil prices could intensify pressure on European equities, particularly technology and defence stocks.

Bullish strength: 25/100

Air France-KLM gained 12% after beating third-quarter earnings expectations.
Orsted rose 3.5% following strong results.
Robust data-centre investment and resilient corporate earnings continue to support the technology sector.

Bearish strength: 75/100

STOXX 600 fell 0.38% to 654.87.
European technology stocks dropped 3.2% to their lowest level in nearly two months.
Rheinmetall plunged 16.1% after cutting its 2026 sales forecast for the second time in three months.
Brent crude rose more than 2%, weighing on sentiment in energy-importing Europe.
Bank of England raised interest rates for the first time in over three years and indicated another increase was likely if the US-Iran conflict continues.

This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.

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