European stocks head for mixed open after latest AI Wall Street sell-off
CNBC·2026-02-13 07:27

Market Overview - European shares are expected to open mixed, with futures tied to the pan-European Stoxx 50 down 0.1% and French CAC 40 down 0.2% [2] - German DAX futures are slightly lower, while London's FTSE 100 futures are up 0.1% [2] - Major U.S. stock averages dropped due to AI-related concerns, impacting sectors like real estate, trucking, and software, with the "Magnificent 7" tech stocks closing in negative territory [2] Corporate Earnings - Investors are processing a busy week of corporate earnings, with a quieter day expected in Europe on Friday [3] - French aerospace firm Safran and British lender NatWest are among the companies reporting their financial results [3] Commodity Markets - Metal markets are subdued following reports of U.S. President Donald Trump's plans to reduce tariffs on steel and aluminum [4] - Aluminum futures in London and the U.S. decreased by 1.2% and 0.6%, respectively, while front-month steel futures fell by 0.1% [4] Upcoming Economic Data - Global investors are awaiting U.S. inflation data to be released by the Bureau of Labor Statistics at 8:30 a.m. ET [3]