European Stocks Set for Negative Open
European equity markets were expected to open sharply lower on Friday as a widening global stock market selloff intensified, driven by concerns over tighter regulation of the artificial intelligence industry and a possible slowdown in data center expansion following a decisive Democratic victory in the US midterm elections. The tech-heavy Nasdaq Composite has already entered correction territory, with losses spreading across all sectors on Wall Street. AI-related stocks in South Korea and Japan also suffered steep declines as investor concerns rippled across global markets. In Europe, investors will focus on the latest UK house price index, French trade figures and Eurozone retail sales data for further economic signals. On the corporate front, earnings reports are due from ENGIE, Daimler Truck, International Airlines Group, Amadeus IT and Mediobanca, among others. In premarket trading, Euro Stoxx 50 and Stoxx 600 futures were both down approximately 1%.
European equity markets were expected to open sharply lower on Friday as a widening global stock market selloff intensified, driven by concerns over tighter regulation of the artificial intelligence industry and a possible slowdown in data center expansion following a decisive Democratic victory in the US midterm elections. The tech-heavy Nasdaq Composite has already entered correction territory, with losses spreading across all sectors on Wall Street. AI-related stocks in South Korea and Japan also suffered steep declines as investor concerns rippled across global markets.
In Europe, investors will focus on the latest UK house price index, French trade figures and Eurozone retail sales data for further economic signals. On the corporate front, earnings reports are due from ENGIE, Daimler Truck, International Airlines Group, Amadeus IT and Mediobanca, among others. In premarket trading, Euro Stoxx 50 and Stoxx 600 futures were both down approximately 1%.