Reduction of European shares; Upcoming Fed and ECB meetings in the spotlight

(RTTNews) – European stocks opened lower on Monday, as artificial intelligence-related stocks succumbed to selling pressure amid doubts about US technological dominance.

Patrons also digested worn-out financial details from China and looked ahead to Fed and ECB rate decisions this week.

The pan-European STOXX 600 fell 0.7 percent to 526.62 after easing slightly on Friday.

Germany’s DAX fell 1.3 percent despite Germany’s IFO business local weather index rising to 85.1 in January from 84.7 in December.

France’s CAC 40 fell 0.9 percent, U.Okay. FTSE 100 by 0.2 percent

Chip tool maker ASML fell nearly 2 percent after the company’s Chinese language startup DeepSeek AI Assistant overtook rival ChatGPT to become the top free utility available on Apple’s U.S. app store.

Siemens Energy, which makes everything from petrol and windmills to vital community tools and portable skills, fell 19pc

Low-cost airline Ryanair rose 3.5 percent after reporting better-than-expected quarterly profits.

British American Tobacco jumped nearly 4 percent after the Trump administration scrapped the concept of banning menthol cigarettes in the U.S.

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