Europe on the sidelines
QQQ•The STOXX 600 was flat as Nasdaq 100 futures fell 2%, with Amazon down 7.2% and Intel down 25% in premarket trading after results. European chip stocks fell, while consumer staples, healthcare and food and beverage stocks gained around 1.5%.
1. European shares steady
The STOXX 600 was flat as Nasdaq 100 futures fell 2%. Amazon was down 7.2% and Intel 25% in premarket trading after results, following a record selloff in Alphabet in the previous session.
2. Sector moves diverge
The STOXX technology sub-index fell 1.5%, including a 4.5% decline in ASML, while software stocks gained. European consumer staples, healthcare, and food and beverage stocks were each up around 1.5%. NatWest shares fell 3.2% as traders reacted to its results and concerns about net interest income.
