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Europe Stocks Open Lower as AI Selloff Spreads From Wall Street

Spain and Italy led the falls at the Friday open while London rose on gains for AstraZeneca and BT, as the tech selloff that began on Wall Street reached Europe.

By Orbit Post2 min read
Read inENESNEHIFR
Europe Stocks Open Lower as AI Selloff Spreads From Wall Street

Key points

  • European stocks opened mostly lower on Friday, October 30, 2026, as a selloff in technology shares that began on Wall Street spread across the Atlantic.
  • The Euro Stoxx index fell 0.8 percent at the open.
  • In Frankfurt, losses were led by Siemens Energy, down 5.11 percent, Infineon, down 4.09 percent, and Deutsche Bank, down 1.77 percent.

European stocks opened mostly lower on Friday, October 30, 2026, as a selloff in technology shares that began on Wall Street spread across the Atlantic. Spain and Italy took the heaviest falls.

The Euro Stoxx index fell 0.8 percent at the open. Germany's DAX fell 0.3 percent, France's CAC 40 was flat, Spain's IBEX fell 1.0 percent and Italy's FTSE MIB fell 1.2 percent, according to the opening snapshot reported by investingLive. The wider Stoxx 600 slipped 0.25 percent to 647.7 points. London went the other way. The FTSE 100 opened up 53.85 points, or 0.5 percent, at 10,775.92, Alliance News reported.

Frankfurt and London movers

In Frankfurt, losses were led by Siemens Energy, down 5.11 percent, Infineon, down 4.09 percent, and Deutsche Bank, down 1.77 percent. Bayer rose 3.84 percent, Beiersdorf rose 2.57 percent and Henkel rose 2.06 percent. In London, BT Group rose 5.0 percent and AstraZeneca advanced 3.0 percent after the drugmaker reported higher third quarter profit and revenue. NatWest and Airtel Africa fell. The pound traded at 1.3413 dollars, up from 1.3369 at Thursday's London close, and the euro rose to 1.1196 dollars from 1.1162.

Why it matters

The falls reverse a strong Thursday. European stocks closed at a seven week high on Thursday after the Federal Reserve and the European Central Bank kept interest rates unchanged, with the Stoxx 600 up 0.8 percent, the DAX up 1.3 percent and the CAC 40 up 1.1 percent. Friday's open shows how fast the mood turned once Amazon's results added to doubts about how much money big tech firms are spending on artificial intelligence, and whether that spending will pay back.

The data still to come

Before the open, German DAX futures had pointed lower, down 0.2 percent at 26,107, while FTSE futures rose 0.2 percent, Reuters reported in its morning briefing on the day ahead. Investors in Europe face a full day of numbers. France's economy shrank 0.1 percent in the third quarter as exports fell, and French inflation rose to 3.4 percent in October. Spain's annual inflation held steady at 4.9 percent in October. In Britain, the Nationwide house price index rose 0.5 percent year on year in October. Brent crude traded at 112.55 dollars a barrel early on Friday, down from 113.75 dollars late on Thursday, and Germany's 10 year bond yield eased 2 basis points to 3.34 percent.

Sources