UK's FTSE 100 rises as oil stocks gain; key announcements in focus
EWU•Tech weakness and sector moves
Meanwhile, CEOs of top AI labs including OpenAI and Anthropic called for slower development of the technology, hammering AI-linked stocks globally.
Futures tied to the tech-heavy U.S. Nasdaq (NQcv1) slipped 1.8%. However, the FTSE 350 tech sector (.FTUB1010) was up 3.9%.
Industrial (.FTNMX551020) and precious metal miners (.FTNMX551030) were the biggest percentage losers as metal prices slid.
Upcoming policy and company updates
This week, investors will watch employment and inflation reports in the UK, ahead of the Bank of England's interest rate decision, where it is widely expected to hold rates.
The U.S. Federal Reserve will announce its decision on Wednesday, with markets pricing in an 88.5% chance of a 25-basis-point hike, per CME's FedWatch Tool.
