European stocks slip 0.1% as AI shares fall ahead of Nvidia earnings

European stocks ended Monday with limited moves, retaining losses from the previous week amid an adverse macroeconomic backdrop. The Euro STOXX 50 fell 0.1% to 6,455, while the STOXX Europe 600 closed flat at 654. Longer-maturity sovereign yields remained near multi-decade highs across major Eurozone economies, tracking U.S. yields as investors weighed concerns about higher deficit spending by Washington and whether the Federal Reserve may be complacent toward high inflation. AI infrastructure stocks declined ahead of Nvidia earnings after Wednesday’s close, with Infineon and Siemens Energy each dropping 3% and ASML losing 1%. Banks were mostly higher, trimming some of their losses from earlier in the week.

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