Millennium Wheel And Skyline At Sunset. London, England. <\/p>\n
Design Pics Editorial | Universal Images Group | Getty Images<\/p>\n
LONDON \u2014 European bourses opened lower on Tuesday as global markets pull back on renewed concerns over AI-linked stocks.<\/p>\n
The pan-European Stoxx 600<\/a> was trading almost 1.2% lower shortly after the opening bell on Tuesday.<\/p>\n The U.K.’s FTSE<\/a> index was 1% lower by 8:06 a.m. in London (3:06 a.m. in ET) with Germany’s DAX<\/a> sliding 1.34% and France’s CAC 40<\/a>\u00a0down 1.32%, as Italy’s FTSE MIB<\/a> fell 1.44% in early trade.<\/p>\n Europe’s regional markets followed their global counterparts into the red after tech losses dragged Wall Street lower on Monday with the three major U.S. indexes closing in the red; the 30-stock\u00a0Dow Jones Industrial Average<\/a>\u00a0plunged more than 550 points, or 1.2%, while the\u00a0S&P 500<\/a>\u00a0and\u00a0Nasdaq Composite<\/a>\u00a0each lost around 0.9%.<\/p>\n Amundi<\/a> saw its share price fall 2.4% in early trade. The French investment management giant said Tuesday it is expanding its private markets presence by taking a nearly 10% stake in global private equity and alternative asset manager Intermediate Capital Group<\/a>.<\/p>\n Novo Nordisk<\/a> was down 1.3% in morning trade, after the Danish drugmaker said it would bring forward a plan to cut the monthly price of its obesity shot<\/a> Wegovy in the U.S. from $499 to $349. The price reduction had been scheduled to begin in January under an earlier agreement with U.S. President Donald Trump.<\/p>\n Investors stateside are awaiting\u00a0delayed jobs data this week as well as Nvidia<\/a>‘s latest earnings report, due Wednesday.<\/p>\n The chipmaker, whose stock declined 2% yesterday, has been at the center of a debate about the strength of the artificial intelligence-powered market rally this year.<\/p>\n Concerns have grown about weak market breadth, pricey tech valuations and the soundness of AI fundamentals due to a boom in Big Tech debt offerings and the\u00a0pace of AI chip depreciation<\/a>.<\/p>\n Asia-Pacific markets<\/a> fell overnight while U.S. stock futures<\/a> were little changed.<\/p>\n In Europe on Tuesday, earnings come from Siemens Energy and Imperial Brands. There are no major data releases.<\/p>\n \u2014 CNBC’s Pia Singh contributed to this market report.<\/p>\n","protected":false},"excerpt":{"rendered":"Millennium Wheel And Skyline At Sunset. London, England. Design Pics Editorial | Universal Images Group | Getty Images…\n","protected":false},"author":2,"featured_media":292190,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[256,168026,254,255,64,63,174,12589,12590,2592,40461,59027,5717,168025,2328,511,173,105,1055,17263,9072],"class_list":["post-292189","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-amundi-sa","tag-artificial-intelligence","tag-artificialintelligence","tag-au","tag-australia","tag-business-news","tag-cac-40-index","tag-dax","tag-france","tag-ftse-100","tag-ftse-mib","tag-germany","tag-intermediate-capital-group-plc","tag-italy","tag-novo-nordisk-a-s","tag-stoxx-600","tag-technology","tag-united-states","tag-world-economy","tag-world-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/292189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=292189"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/292189\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/292190"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=292189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=292189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=292189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}