February 2 News, global market risk appetite has weakened again. Against the backdrop of uncertain artificial intelligence prospects and simultaneous declines in precious metals and cryptocurrencies, major European stock indices are expected to open lower. Data shows that the UK FTSE 100 index may fall about 0.5%, the German DAX index nearly 1%, the French CAC 40 index around 0.8%, and the Italian FTSE MIB index may also experience a similar pullback.
This trend echoes the overnight decline in Asia-Pacific markets, with South Korea’s benchmark index leading regional markets lower. Investors are closely watching the sharp volatility in gold and silver. Last Friday, silver plummeted about 30% in a single day, marking its worst performance since 1980, after having more than doubled in the previous 12 months. Gold also came under pressure, falling about 9%. The rapid correction in precious metals has accelerated funds shifting toward defensive assets.
Weakness in cryptocurrencies has also heightened market unease. Bitcoin dropped below $80,000 on Saturday, hitting a new low since April, indicating that after intense commodity volatility, funds are further reducing risk exposure. U.S. stock index futures also declined overnight Sunday, reflecting cautious sentiment among global investors.
In the technology sector, the focus is on NVIDIA. Reports indicate that the company’s proposed $100 billion investment plan in OpenAI has been put on hold, with executives remaining cautious about the deal’s prospects. This news casts a shadow over the AI boom and also puts related concept stocks under pressure.
In Europe, several key data releases and earnings reports are scheduled for today, including Swiss Julius Baer Group’s earnings, as well as German retail sales and Spain’s new car registration data. If macroeconomic data underperform expectations, it could further amplify selling pressure.
With factors such as “European stock market decline expectations,” “global market risk aversion,” and “Bitcoin and precious metals plummeting” stacking up, short-term market volatility may intensify. Investors are closely assessing new risk boundaries.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Enters DeFi Era as Hashi Builds on Sui Blockchain
_Hashi launches on the Sui blockchain to bring Bitcoin lending, yield, and DeFi services with support from BitGo, Bullish, and FalconX institutions._
A new finance protocol called Hashi plans to bring Bitcoin into decentralized finance. The project is being built on the Sui blockchain.
LiveBTCNews1h ago
Bitcoin Rejects $76K as War and PPI Rock Markets
_ Bitcoin rejected $76,000 resistance as US strikes on Iran, hot PPI at 3.4%, and Powell’s FOMC tone sent crypto and risk assets into a sell-off._
Bitcoin hit $76,000 and turned back around. The rejection was clean. Sellers were waiting right at the level that traders had marked for
LiveBTCNews2h ago
Bitcoin faces further downside as analyst marks $60k as key level
Professional trader Alessio Rastani has revised his Bitcoin outlook, suggesting the market could slip below $60,000 before a meaningful bottom forms. In a recent Cointelegraph interview, Rastani explained that while Bitcoin staged a brief recovery earlier this year, the shape of that bounce does
CryptoBreaking4h ago
