Before the bell: tech worries crash ashore in Europe?
SPY•SPY•SPY•SPY•European equity futures were down around 1.4% ahead of Friday’s open after European tech stocks fell 3.2% on Thursday. The article also flagged U.S. October payrolls data, lower annual capacity guidance from IAG and Monte dei Paschi’s third-quarter profit beat.
European equity futures were down around 1.4% ahead of Friday’s open, after European tech stocks fell 3.2% on Thursday. The declines followed broader worries about AI regulation and data centres; Japan’s Nikkei fell almost 6% and the Nasdaq Composite dropped 5.5% on Thursday. U.S. October payrolls data were due later Friday.
British Airways owner IAG forecast annual capacity slightly below the prior year, citing the impact of flight disruptions in the Middle East. Monte dei Paschi di Siena beat analyst expectations for third-quarter profit; Intesa Sanpaolo was preparing a buyout offer for the bank.
