LIVE MARKETS — Before the bell: Europe isn't a hiding place

(Adds blog post) Welcome to the home for real-time coverage of markets brought to you reporters. You can share your thoughts with us at. Before The Bell: Europe Isn't A Hiding Place Europe managed to sit out of the previous day's AI driven selloff, but it's struggling to on Thursday, a sign that when so much of the economy is tied to data centre building, few hiding places are very good. Euro STOXX 50 futures are down 0.9% though Nasdaq futures are down over 1% and Korea's chip heavy KOSPI fell another 7.5%, so Europe is doing better in comparison. Tech light FTSE futures are flat. Markets have been busy while Europe's been asleep as a strong US CPI print was followed by growing worries about the AI trade. The Philly semiconductor index fell 4.3%, posting a 6th consecutive decline, which Deutsche Bank says is the first time in over a year, and leaves the index down -11.6% over those 6 sessions. Complicating the picture, mind you, AI chip giant TSMC posted a 69% jump in third-quarter net profit to a record T$763.1 billion ($23.59 billion) on Thursday, beating market forecasts. Eyes at the European open will obviously be on tech and data centre builders, though more earnin