Sotxx 600, FTSE, DAX, CAC, silver, gold, bitcoin
LONDON — European stocks are expected to open in negative territory as concerns over artificial intelligence and volatility in precious metals roil global markets.
of england FTSE The German index is expected to open with a 0.5% decrease DAX Almost 1 percent drop in France CAC 40 Italy, down 0.8% FTSE MIB According to IG’s data, there was a similar amount of decrease.
The sharp declines expected in Europe on Monday come amid similar moves in global markets.
Asia-Pacific markets fell overnight, with South Korean benchmarks leading declines as investors eyed gold and silver prices following sharp declines on Friday. Meanwhile, US stock futures fell Sunday night as traders eyed Bitcoin following the weekend sell-off.
Bitcoin on Saturday Dropped below $80,000 It’s the first sign since April that investors are taking more risk following Friday’s sharp declines in precious metals.
Silver, which has more than doubled in the last 12 months, lost around 30 percent in value on Friday. This marked the metal’s worst daily performance since 1980. Gold also fell by around 9%.
Wall Street also turned its attention to: Nvidia as questions emerge about the AI boom. Nvidia’s plans to pour $100 billion into OpenAI have stalled as chipmaker executives expressed skepticism about the deal, The Wall Street Journal reported, citing sources familiar with the matter.
Where do earnings come from in Europe? Julius Baer Group Today, retail sales in Germany and new car sales in Spain are expected in terms of data.
— CNBC’s Fred Imbert contributed to this market report.
