European equity markets moved mostly lower on Monday, as renewed anxiety over a potential artificial-intelligence bubble and slowing global growth pressured risk appetite.
With few immediate catalysts on the calendar, investors turned their attention to upcoming U.S. economic releases and earnings from AI favorite Nvidia (NASDAQ:NVDA), which are expected to help set the tone for markets this week.
By midday, Germany’s DAX had fallen 0.7%, France’s CAC 40 was down 0.5%, and London’s FTSE 100 slipped 0.3%.
In corporate developments, SIG Group shares jumped after the Swiss packaging specialist named Mikko Keto as its new Chief Executive Officer.
Sandoz (LSE:0SAN) also traded higher after announcing that TYRUKO (natalizumab-sztn) is now available to patients in the United States.
Meanwhile, British defense and security firm QinetiQ (LSE:QQ.) advanced following the launch of the second phase of its share buyback program.
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