European equities drifted lower at the open on Monday, with investors uneasy about global growth and bracing for a pivotal earnings update from AI bellwether Nvidia<\/strong> later this week.<\/p>\n\n\n\n At 03:02 ET (08:02 GMT), Germany\u2019s DAX<\/strong> was little changed, France\u2019s CAC 40<\/strong> slipped 0.1%<\/strong>, and the U.K.\u2019s FTSE 100<\/strong> fell 0.2%<\/strong>.<\/p>\n\n\n\n Sentiment remains fragile after a choppy week that ended with sharp declines across European bourses amid renewed debate over an AI-driven valuation bubble and a cooling global economy. Fresh weekend data showed Japan\u2019s GDP<\/strong> contracted 1.8% annualized<\/strong> in Q3 (-0.4% q\/q), pressured by weak private consumption and softer exports, including the drag from higher U.S. tariffs. Recent reads from China<\/strong> also underscored sluggish momentum, while the lengthy U.S. government shutdown<\/strong> is expected to weigh on Q4 activity.<\/p>\n\n\n\n Closer to home, the U.K.<\/strong> economy shrank in September and the eurozone<\/strong> expanded just 0.2%<\/strong> in Q3 versus Q2, reinforcing the narrative of subdued domestic demand.<\/p>\n\n\n\n The week\u2019s marquee event is Nvidia\u2019s<\/strong> fiscal Q3 report after Wednesday\u2019s close\u2014seen as a litmus test for the durability of the AI trade. LSEG\u2019s consensus points to ~53.8%<\/strong> y\/y EPS growth, with rising top-line expectations leaving a high bar for the $5T market-cap juggernaut. Caution ticked higher after filings showed Peter Thiel<\/strong> exited a near $100 million<\/strong> stake, adding to nerves around stretched tech multiples after losses through late-October and early-November.<\/p>\n\n\n\n Oil edged lower after Friday\u2019s jump. Brent Jan<\/strong> slipped 0.7% to $63.97<\/strong>, WTI Jan<\/strong> -0.7% to $59.51<\/strong>, as Russia\u2019s Novorossiysk<\/strong> port resumed crude loadings, tempering fears of lasting disruption following Ukraine\u2019s strike that briefly halted exports equivalent to ~2% of global supply.<\/p>\n\n\n\n With macro growth signals soft and tech valuations back under the microscope, European indices may tread water into midweek. A decisive Nvidia<\/strong> print and guidance could recalibrate risk appetite\u2014either validating AI-linked multiples or reinforcing the market\u2019s recent de-risking bias.<\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" European equities drifted lower at the open on Monday, with investors uneasy about global growth and bracing for a pivotal earnings update from AI bellwether Nvidia later this week. At 03:02 ET (08:02 GMT), Germany\u2019s DAX was little changed, France\u2019s CAC 40 slipped 0.1%, and the U.K.\u2019s FTSE 100 fell 0.2%. Growth concerns cap risk …<\/p>\n","protected":false},"author":9,"featured_media":98251,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,36],"tags":[],"class_list":["post-120939","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=120939"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120939\/revisions"}],"predecessor-version":[{"id":120940,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/120939\/revisions\/120940"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/98251"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=120939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=120939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=120939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Growth concerns cap risk appetite<\/h2>\n\n\n\n
Nvidia in the spotlight<\/h2>\n\n\n\n
Stock specifics<\/h2>\n\n\n\n
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Energy: crude eases as flows resume<\/h2>\n\n\n\n
The setup<\/h2>\n\n\n\n