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European Stock Markets Open Lower Because of Tech Sector

Earlier today, we told you about how the US government could possibly initiate antritrust investigations against leading tech companies. This news not only caused major tech companies’ stocks to trade lower on Wall Street yesterday, but are also impacting European shares as the markets open on Tuesday.

European shares were down by 0.5%, with the technology sector driving the move lower. FTSE 100 is expected to reverse its gains from Monday on this news and is currently trading at around 7175.

The trade war continues to make its presence felt in stock markets, with latest reports about US threatening tariffs on Mexico in focus. Will the Eurozone CPI and unemployment reports make an impact on European stock markets today?

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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