European markets opened in negative territory on Monday, with investors in the region bracing for a busy period and the European Central Bank’s latest interest rate decision.
Stoxx 600 The index was 0.7% lower after posting a weekly gain of 1.2%. Sectors were mixed, with telecoms up 0.6% as technology stocks plunged 3.82%.
Weak technology performance reflected in the future of Asian markets and the US, as the success of Chinese artificial intelligence startups raised concerns about the global leadership of AI’s incumbent Wall Street giants.
Shares in budget airline Ryanair rose 2.4% after the company posted better-than-expected quarterly profits, but cut its full-year 2026 traffic growth forecast in light of aircraft delivery delays boeing.
Included in earnings later this week LVMH, shell, ASML, Roche, deutsche bank and nokia.
On Thursday, the eurozone and core European economies France and Germany will report the latest growth data, and the European Central Bank and US Federal Reserve will be closely watched as they announce their latest monetary policy decisions.
Overnight in the Asia-Pacific region, Japanese and Hong Kong markets traded mostly higher as investors assessed Chinese manufacturing and industrial profit data.
U.S. stock futures fell early Monday. Investors were aiming for a big earnings week. Four of the seven “Magnificent Seven” companies are scheduled to post quarterly earnings. Thursday’s results.
