European bonds and stocks hold gains; ECB meeting in focus as Lagarde confirms early exit | live
By Marc Jones and Stella Qiu LONDON/SYDNEY, Oct 29 (Reuters) - Europe's government bond and stock markets rallied on Thursday as traders waited on the European Central Bank's next move and for results from Amazon and Intel after Alphabet's shares became the latest to be hammered by AI spending worries. Europe's STOXX 600 was up 0.5% despite a 1% slide in Nasdaq futures and some erratic trading in Asia after Alphabet's hefty cash burn looked set to wipe nearly $400 billion off its shares later.
By Marc Jones and Stella Qiu LONDON/SYDNEY, Oct 29 (Reuters) - Europe's government bond and stock markets rallied on Thursday as traders waited on the European Central Bank's next move and for results from Amazon and Intel after Alphabet's shares became the latest to be hammered by AI spending worries. Europe's STOXX 600 was up 0.5% despite a 1% slide in Nasdaq futures and some erratic trading in Asia after Alphabet's hefty cash burn looked set to wipe nearly $400 billion off its shares later.
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