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Job slowdown and more AI worries

Friday 6th February 2026NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABUS markets slid again overnight as tech stocks took another hit, with Alphabet’s hefty AI‑driven capex plans spooking investors, while softer US jobs data raised fresh questions about next week’s non‑farm payrolls and the Fed’s path for rate cuts. Treasury yields fell, commodities weakened sharply, and the Aussie slipped below 69.8 US cents. In Europe, both the Bank of England and ECB held rates, even as UK inflation is expected to hit target by April and Eurozone inflation…

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