Global markets face renewed pressure as tech stocks and silver prices tumble

Global stocks fell on Thursday as AI spending concerns triggered a tech rout. Silver prices crashed again while investors awaited central bank rate decisions.

Insights:
Alphabet Inc. has announced a capital expenditure plan of up to $185 billion for the year, a figure that is approximately 55% above analysts' expectations. The announcement has knocked shares of the US USUS technology giant lower and contributed to a broader tech selloff that has erased roughly $850 billion of market value this month. This surge in planned spending has increased near-term market risk, affecting bond yields, currencies, and investor positioning across global markets.
The selloff in the US USUS spread to other major technology firms, including Advanced Micro Devices, Inc. and Amazon.com, Inc. , while also impacting European main bourses. In Germany DEDE, institutions like Deutsche Bank AG are monitoring the spillover effects. These market moves coincided with same-day policy decisions from the Bank of England in the United Kingdom GBGB and the European Central Bank, further heightening volatility across the Treasuries market and global equities.
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