Stoxx 600, FTSE 100, metals, AI sell-off
FILE PHOTO: Bull and bear symbols for successful and bad trading are seen in front of the German stock exchange (Deutsche Boerse) on February 12, 2019 in Frankfurt, Germany.
Kai Pfaffenbach | Reuters
European stocks opened lower on Friday, After AI fears triggered another sell-off on Wall Street overnight.
Pan-European Stoxx 600 It was at 0.1% shortly after the opening bell; Most sectors and major stock markets were in negative territory.
FTSE100 France led trading up 0.3% in its first deals CAC 40 Italian, down 0.3% FTSE Mib also fell by 0.3%. of Germany DAXMeanwhile, it was 0.1% lower.
New York’s major averages fell Thursday; AI jitters were felt again in the market, with real estate, trucking and software stocks particularly hit hard. The “Great 7” tech stocks each closed in negative territory.
Investors are also digesting another busy week of corporate earnings. In Europe, Friday will be a quieter day on the earnings front; French aviation company Safran and British lender NatWest will be among those reporting their financials.
Global investors are also awaiting US inflation data, which will be released by the Bureau of Labor Statistics at 08:30 GMT.
Metals markets remained calm on Friday morning after Financial Times reported US President Donald Trump had plans to reduce tariffs on steel and aluminum. Aluminum futures in London and the US fell 1.2% and 0.6% respectively, while front-month steel futures fell 0.1%.
Elsewhere, international officials are gathering in Munich, Germany, for the Munich Security Conference, which runs until Sunday.
