European stocks edge lower as investors brace for busy week
European equities trade mostly lower on Monday, with the STOXX 50 down 0.2% to 6,450 and the STOXX 600 off 0.1% as investors turn cautious ahead of a busy week.
European equities traded mostly lower on Monday, with the STOXX 50 falling 0.2% to 6,450 and the broader STOXX 600 slipping 0.1%, as investors adopted a cautious stance ahead of a busy week.
The AI trade remained under pressure ahead of a key test from Nvidia’s earnings on Wednesday.
Globally, investors are also awaiting US Treasury Secretary Scott Bessent’s press conference later today for further details on Iran sanctions, while Fed Chair Kevin Warsh’s comments at Jackson Hole on Friday are expected to provide clues on the outlook for interest rates.
In Europe, the ECB is widely expected to raise interest rates by another 25 basis points in September, following its June tightening.
In corporate news, Shell edged down 0.1% after the Financial Times reported that the company has attracted interest from potential bidders, including Exxon Mobil, for its US chemical assets.