European markets set to slump at the open as AI worries return

Market Overview - European markets are expected to open lower due to global market pullbacks linked to concerns over AI-related stocks [1] - The U.K.'s FTSE index is projected to decline by 1.1%, while Germany's DAX and France's CAC 40 are expected to drop by 1.3% and Italy's FTSE MIB by 1.27% [1] U.S. Market Performance - U.S. markets experienced losses, with the Dow Jones Industrial Average falling over 550 points (1.2%), and both the S&P 500 and Nasdaq Composite losing around 0.9% [2] - Investors are awaiting delayed jobs data and Nvidia's earnings report, which is scheduled for Wednesday [2] AI and Tech Sector Concerns - Nvidia's stock declined by 2%, amid discussions regarding the sustainability of the AI-driven market rally [3] - There are rising concerns about weak market breadth, high tech valuations, and the fundamentals of AI, influenced by increased Big Tech debt offerings and the depreciation rate of AI chips [3] Earnings Reports - Siemens Energy and Imperial Brands are set to release earnings on Tuesday, with no major data releases expected [4]