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 1.3% lower at 8:25 a.m. in London (3:25 a.m. ET).<\/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 Intermediate Capital Group<\/a> surged 8% in early trade on Tuesday, leading the Stoxx 600, after Amundi<\/a> said it was taking a near-10% stake in the London-listed global private equity and alternative asset manager. French investment management giant Amundi saw its share price slide 3.2%.<\/p>\n Akzo Nobel<\/a> fell 2.6% after the Dutch paint and performance coatings maker announced a merger with Philadelphia-headquartered Axalta Coating Systems<\/a>.<\/p>\n Swiss drugmaker Roche<\/a> gained 6.3% on Tuesday morning after reporting positive results from the Phase III trials of its new breast cancer pill. Meanwhile, Novo Nordisk<\/a> was down 1.6% 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 Overall, healthcare stocks were the standout positive among European sectors on Tuesday, with the Stoxx 600 Health Care Index adding 0.1%. In contrast, the Stoxx 600 Basic Resources was hit hardest by the sell-off, sliding 2.9%, while banks shed 2.3%.<\/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":298872,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[182,155738,155737,181,507,155739,122,20362,20361,594,20363,62238,6797,155736,6801,16160,70538,1186,74,21,5103,6990],"class_list":["post-298871","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-akzo-nobel-nv","tag-amundi-sa","tag-artificial-intelligence","tag-artificialintelligence","tag-axalta-coating-systems-ltd","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-roche-holding-ag","tag-stoxx-600","tag-technology","tag-united-states","tag-world-economy","tag-world-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/298871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=298871"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/298871\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/298872"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=298871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=298871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=298871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}