{"id":409077,"date":"2026-02-05T10:15:12","date_gmt":"2026-02-05T10:15:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/409077\/"},"modified":"2026-02-05T10:15:12","modified_gmt":"2026-02-05T10:15:12","slug":"trillion-dollar-tech-sell-off-rocks-global-markets","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/409077\/","title":{"rendered":"Trillion-dollar tech sell-off rocks global markets"},"content":{"rendered":"<p>\t\t\tThursday 05 February 2026 6:52 am<br \/>\n\t\t\t\t\t\u00a0|\u00a0\u00a0Updated:\u00a0<\/p>\n<p>\t\t\tThursday 05 February 2026 8:14 am\n\t<\/p>\n<p>\t\t\tShare<\/p>\n<p>\t\t\t\t\t\tFacebook\t\t\t\t\t\tShare on Facebook\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\tX\t\t\t\t\t\tShare on Twitter\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\tLinkedIn\t\t\t\t\t\tShare on LinkedIn\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\tWhatsApp\t\t\t\t\t\tShare on WhatsApp\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\tEmail\t\t\t\t\t\tShare on Email\t\t\t\t\t<\/p>\n<p><img width=\"742\" height=\"495\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/02\/Nvidia-jensen-huang-e1763971931500.jpeg\" class=\"media \" alt=\"Nvidia CEO Jensen Huang speaking at a tech conference, emphasizing AI advancements and industry innovation.\" fetchpriority=\"high\" loading=\"eager\" decoding=\"sync\"  \/>\t\tNvidia boss Jensen Huang said the tech sell-off was illogical.\t<\/p>\n<p>Good morning and welcome to the City AM liveblog.<\/p>\n<p>As global software giants continue to patch their wounds after billions were shed on the news of Anthropic\u2019s latest AI innovation, in London attention will be fixed back on the square mile.<\/p>\n<p>The Bank of England\u2019s monetary committee is set to meet for the first time this year to decide whether to take the chop to interest rates.<\/p>\n<p>Markets \u2013 and <a href=\"https:\/\/www.cityam.com\/bank-of-england-should-hold-interest-rates-city-am-shadow-mpc-says\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">City AM\u2019s own Shadow MPC<\/a> \u2013 are placing their bets on a hold as the Bank continues its gradual chop to the base rate.<\/p>\n<p>Investors have suggested the next 25 basis point cut will only come in April, the same month when regulated effects through changes to energy pricing are expected to bring inflation down.\u00a0<\/p>\n<p>Alongside its interest rates decision, the\u00a0<a href=\"https:\/\/www.cityam.com\/bank-of-england-should-hold-interest-rates-city-am-shadow-mpc-says\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Bank<\/a>\u00a0is set to publish its first monetary policy report of the calendar year.\u00a0<\/p>\n<p>The new set of forecasts will likely include research on the effects of Budget policies on price growth, as well as fresh analysis on the impact President Trump\u2019s tariffs have had on global trade.\u00a0<\/p>\n<p>Bank governor Andrew Bailey will also be expected to give an updated view on inflation, which will provide clearer clarification over the future of interest rate cuts in the near-term.<\/p>\n<p>Will we see a more dovish outlook from the Bank\u2019s gov or is the slow and steady pace set to continue?<\/p>\n<p>Stick with us and we\u2019ll be bringing you the top news of the day.<\/p>\n<p>Here\u2019s a few of our top stories from yesterday:<\/p>\n<p>\t\t\t\t\tRead more<\/p>\n<p>\t\t\t<a class=\"read-more__link\" href=\"https:\/\/www.cityam.com\/ftse-100-live-stocks-set-to-fall-as-gold-rout-deepens\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">FTSE 100 Live: Miners lead stock fall as gold rout deepens<\/a><\/p>\n<p>The liveblog has ended.<\/p>\n<p>No liveblog updates yet.<\/p>\n<p>Load more<\/p>\n<p>\t\tSimilarly tagged content: <\/p>\n<p>\t\t\tSections\t\t<\/p>\n<p>\t\t\tCategories\t\t<\/p>\n<p>\t\t\tPeople &amp; Organisations\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Thursday 05 February 2026 6:52 am \u00a0|\u00a0\u00a0Updated:\u00a0 Thursday 05 February 2026 8:14 am Share Facebook Share on Facebook&hellip;\n","protected":false},"author":2,"featured_media":409078,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[41129,3490,84,4229,12897,2016,105842,42027,59,1568,29724,152073,53651,467,32120,50,2987,20987,1445,4767,33084,56,1893,735,54,55],"class_list":["post-409077","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-andrew-bailey","tag-bank-of-england","tag-business","tag-economics","tag-ftse","tag-ftse-100","tag-ftse-150","tag-ftse-250","tag-gb","tag-gold","tag-gold-bars","tag-governor-of-the-bank-of-england","tag-london-stock-exchange","tag-markets","tag-markets-live","tag-news","tag-oil","tag-oil-and-gas","tag-rachel-reeves","tag-stock-market","tag-the-bank-of-england","tag-uk","tag-uk-economy","tag-uk-government","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/409077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=409077"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/409077\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/409078"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=409077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=409077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=409077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}