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News
Friday, February 06, 2026
What’s happening: Shares of Amazon dipped in after-hours trading on Thursday following the release of fourth-quarter results.
What happened: Although the ecommerce giant reported better-than-expected sales for the latest quarter, it missed earnings expectations.
Amazon also announced plans of around $200 billion in capital expenditures “predominantly in AWS,” citing very high demand for core cloud and AI workloads.
How were the results: The Seattle, Washington-based company reported low double-digit sales growth for the fourth quarter.
Why it matters: Amazon reported strong streaming demand for its “Thursday Night Football” games on Prime Video, with the latest season being the most-watched ever in the program’s 20-year history.
The company has been making investments in its ecommerce business to attract more customers by expanding its reach to rural areas in the US.
Sales for North America grew 10% year-over-year to $127.1 billion, while International sales climbed 17% to $50.7 billion during the latest quarter.
While Amazon’s AWS sales jumped 24% to $35.6 billion in the quarter, it seemed to disappoint investors after Google Cloud’s sales surged 48% and Microsoft’s Azure grew by 39% during the same quarter.
The company’s advertising business remained strong, with sales climbing 22% to $21.3 billion.
Amazon said it plans to increase its capex by more than 50% to around $20 billion this year, from $131 billion in 2025. The lion’s share of the investment would be made to increase its AI and core cloud workloads. Other tech giants, including Google-parent Alphabet, Microsoft and Facebook-parent Meta Platforms have also announced plans to increase their AI capital investment.
Management guided to first-quarter net sales of $173.5-$178.5 billion, representing 11%-15% year-over-year growth, compared to market estimates of $175.52 billion. The company also projected operating income of $16.5-$21.5 billion for the quarter, short of market estimates of $22.04 billion.
How shares responded: Amazon’s shares nosedived 11.2% to $197.75 in extended trading hours following the release of quarterly results. The stock has lost more than 4% over the past month.
What to watch: Investors will continue monitoring the company’s spend on building AI infrastructure and its progress in capturing demand for AWS.
Context: The GBP/USD forex pair rose this morning following the Bank of England’s interest rate decision.
Details: The Bank of England kept its benchmark interest rate unchanged at 3.75% at its latest meeting, while signalling a more dovish approach than market expectations.
Although markets were widely expecting the central bank to hold rates, the vote split came as a surprise. Four of the nine members were in favour of an immediate rate cut by 25 basis points, citing expectations of inflation easing to the bank’s 2% target from April.
Although the BoE highlighted easing of risks from persistent inflation, a softening labour market and weakness in demand presented downside risks.
Data released on Thursday showed the S&P Global UK construction PMI surged to 46.4 in January from 40.1 in the previous month. The figure also topped market estimates of 42.0. Although the latest reading was the strongest since June 2025, the index still represents continued contraction in construction activity.
New car sales in the UK climbed by 3.4% year-over-year to 144,127 units in January, easing from the 3.9% surge in the previous month.
Strength in the US dollar weighed on the GBP/USD forex pair this morning. The US dollar index, which measures the greenback’s performance versus a basket of major peers, rose slightly to 97.85.
The GBP/USD pair rose more than 0.1% to 1.3547 this morning.
What to watch: Investors await the release of economic data on GDP growth rate, industrial production and balance of trade from the UK next week. The UK economy, which grew by 1.3% year-over-year in the third quarter slowing from 1.4% in the previous quarter, is expected to decelerate further to 1.2% growth in the fourth quarter.
Analysts expect industrial production in the UK to decline by 0.2% in December following 1.1% growth in November, while the UK trade deficit is expected to narrow further to £6 billion in December from £6.12 billion in the previous month.
Other Markets: US trading indices closed lower on Thursday, with the Dow Jones index, S&P 500 and Nasdaq 100 down by 1.20%, 1.23% and 1.38%, respectively.
Ukraine and Russia agreed to exchange 157 prisoners of war, while concluding a second day of US-brokered talks without achieving a breakthrough on ending the ongoing war. The news sent the USD/RUB pair higher in forex trading this morning.
Vietnam’s retail sales surged by 9.3% year-over-year in January, slowing from 9.8% in December, which lent support to the USD/VND forex pair.
Philippines’ manufacturing production rose by 1.9% year-over-year in December. This being a rebound from the 1% decline in the previous month sent the USD/PHP pair lower in forex trading this morning.
Japan’s foreign reserves surged by $24.98 billion to $1.39 trillion in January. This being the strongest reading since January 2022 exerted pressure on the USD/JPY forex pair.
South Korea’s current account surplus jumped to $123.05 billion in 2025 from $99.97 billion in the previous year. The region reporting the strongest annual surplus on record sent the USD/KRW pair lower in forex trading this morning.
Spain’s industrial production (1200 UAE Time), UK’s BBA Mortgage Rate (1400 UAE Time), India’s bank loan growth (1530 UAE Time), deposit growth (1530 UAE Time) and foreign exchange reserves (1530 UAE Time), Mexico’s consumer confidence (1600 UAE Time), Canada’s unemployment rate (1730 UAE Time), employment change (1730 UAE Time), average hourly wages (1730 UAE Time) and Ivey PMI (1900 UAE Time), Russia’s foreign exchange reserves (1800 UAE Time), GDP growth rate (2000 UAE Time), unemployment rate (2000 UAE Time), industrial production (2000 UAE Time), real wage growth (2000 UAE Time) and retail sales (2000 UAE Time), US used car prices (1800 UAE Time), Michigan consumer sentiment (1900 UAE Time) and Baker Hughes oil rig count (2200 UAE Time), Turkey’s Treasury cash balance (1830 UAE Time) as well as Argentina’s industrial production (2300 UAE Time).
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