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Europe Stocks Today: STOXX 600 Falls 1.7% as AI Selloff Spreads

The STOXX 600 was down about 1.7% around 13:40 GMT on Friday, Nov. 6, as the global AI selloff spread; the FTSE 100 fell 2% to a four-week low.

By Global Market Now Staff · · 2 min read

A city skyline seen across a wide river
Photo: Gabor Kozmon / Unsplash

Why it matters

  • The STOXX 600 was at about 644.00 around 13:40 GMT on Friday, Nov. 6, down 1.66% from Thursday, Yahoo Finance data showed. Germany's DAX was down about 2.36%.
  • Trading Economics said worries that the U.S. could tighten rules on the AI industry hit tech shares and spread to other sectors. ASML rebounded about 3.7% as U.S. futures recovered.
  • The FTSE 100 fell about 2.0% to 10,565.94, a four-week low, as AstraZeneca, BAT, Shell and BP fell, Yahoo Finance data and Trading Economics showed.

Session recap: what happened in this region's trading day, with sources.

European stocks fell on Friday, Nov. 6, as the AI-led selloff that hit Wall Street and Asia reached Europe. The STOXX 600 was at about 644.00 around 13:40 GMT, down 1.66% from Thursday's close of 654.87, according to Yahoo Finance data. Germany's DAX was down about 2.36% and London's FTSE 100 about 2.01%.

Market, about 13:40 GMTLevelChange vs. Thursday, Nov. 5
STOXX Europe 600644.00−1.66%
Euro STOXX 506,140.62−1.46%
DAX (Germany)25,703.96−2.36%
FTSE 100 (U.K.)10,565.94−2.01%
CAC 40 (France)8,071.15−1.64%
FTSE MIB (Italy)49,890.79−1.22%
IBEX 35 (Spain)19,212.20−1.41%

Source: Yahoo Finance chart data. Levels are intraday, delayed and approximate.

Why are European stocks down today?

European stocks are down because investors pulled back from riskier assets after Thursday's tech rout in New York, where the Nasdaq fell 5.52%. Trading Economics said concerns that the U.S. could impose tighter rules on the AI industry after the Democrats' midterm win hit tech shares and spread to other sectors.

Tech shares partly recovered later as U.S. futures rebounded, Trading Economics said. ASML was up about 3.65% and Infineon 0.61% around 13:40 GMT, Yahoo Finance data showed. Losses were broad elsewhere. Siemens was down about 3.37%, SAP 2.78% and Novartis 2.15%.

Why is the FTSE 100 down today?

The FTSE 100 fell to a four-week low as the global selloff hit London's biggest stocks, Trading Economics said. British American Tobacco was down about 3.73%, AstraZeneca 3.35%, Unilever 3.03%, Shell 2.60% and BP 2.59%, Yahoo Finance data showed. Gold miner Endeavour Mining was up about 0.85%.

The Bank of England raised Bank Rate to 4% on Thursday in an 8-1 vote, its Monetary Policy Summary said. The pound was at about $1.3375 around 13:50 GMT, Yahoo Finance data showed.

What is moving bonds, oil and the euro?

Germany's 10-year Bund yield was about 3.25%, up about 1 basis point, Trading Economics said. The euro fell about 0.6% to about $1.1156 after stronger-than-expected U.S. jobs data, Yahoo Finance data showed; Trading Economics said the jobs report lifted the dollar. January Brent was about $98.83 a barrel around 13:45 GMT, up about 0.5% from Thursday's $98.29 settlement reported by Bloomberg.

Today's Asia session is in our Asia Friday recap, and U.S. futures and the jobs report are in our day-ahead guide. Thursday's session is in our Europe Thursday recap.

Follow the rest of the trading day on our global market today page, with the latest Asia, Europe and Americas session recaps.

Sources

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