EPISODE · Feb 4, 2026 · 13 MIN
Tech hit, Iran delays, JOLTs today
from NAB Morning Call
Thursday 5th February 2026NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABTech stocks are sliding again, with AMD’s weak outlook triggering a broader rethink on AI spending and dragging the NASDAQ lower. Ken Crompton says markets are questioning whether AI revenues can keep pace with the investment surge, ahead of Alphabet’s results tonight and NVIDIA later this month. Energy is the standout as oil climbs on renewed Iran–US tensions and delays to planned talks. US data stay firm — services ISM strengthened, ADP was soft, and the BLS has reset its calendar with JOLTS today and payrolls next Wednesday. Europe’s inflation eased, the ECB and BoE are set to hold, NZ unemployment rose on higher participation, and China’s private‑sector services PMI improved. The USD is firmer, the AUD is softer, oil is up, and global equities are split between tech weakness and energy strength. Hosted on Acast. See acast.com/privacy for more information.
What this episode covers
Thursday 5th February 2026NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABTech stocks are sliding again, with AMD’s weak outlook triggering a broader rethink on AI spending and dragging the NASDAQ lower. Ken Crompton says markets are questioning whether AI revenues can keep pace with the investment surge, ahead of Alphabet’s results tonight and NVIDIA later this month. Energy is the standout as oil climbs on renewed Iran–US tensions and delays to planned talks. US data stay firm — services ISM strengthened, ADP was soft, and the BLS has reset its calendar with JOLTS today and payrolls next Wednesday. Europe’s inflation eased, the ECB and BoE are set to hold, NZ unemployment rose on higher participation, and China’s private‑sector services PMI improved. The USD is firmer, the AUD is softer, oil is up, and global equities are split between tech weakness and energy strength. Hosted on Acast. See acast.com/privacy for more information.
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Tech hit, Iran delays, JOLTs today
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