European stock indices closed slightly lower amid concerns about artificial intelligence

 European stock indices closed slightly lower during trading today, Monday – the beginning of the week’s trading – as traders in the region reacted to a potential strong push in the field of artificial intelligence from China.

In terms of trading, the index recorded "Stokes 600" The European Union decreased by 0.07% by 0.38 points to reach 529 points, and the CAC 40 index declined The Frenchman rose by 0.27%, by 21 points, to reach 7,906 points.

 

The “DAX” index lost The German Federal Reserve rose 0.53% by 112 points to reach 21,282 points, and the “FTSE MIB” index decreased. The Italian rose by 0.03%, by 9 points, to reach 36,191 points.

 

While the FTSE 100 index rose The British market rose 0.02% by 1 point to reach 8503 points, and the “IBX35” index also rose. The Spanish one rose by 0.12% by 14 points to reach 11,997 points.

 

The weak technological performance was reflected in the markets of Asia and the United States, where the success of the Chinese artificial intelligence company “Deep Sec” sparked Doubts about the global leadership of giant American companies in this field.

 

In Europe, shares of chip companies “A. AS. or. the. Holding" The Dutch company fell by 7%, and shares of companies related to the artificial intelligence supply chain fell.

 

And shares of “Siemens Energy” lost German – which uses NVIDIA technology American company for electronic chips in its own operations – by 19.95% at market close, and shares of “Schneider Electric” company also declined. The French company, which cooperates with the company “Nvidia” In designing data center cooling systems using artificial intelligence, by 9.5%.

 

While shares of the low-cost airline “Ryan Air” closed It rose by 3.3% after the company recorded a better-than-expected quarterly profit.

 

European traders are also preparing for a busy period of profits during the current week, as the euro zone and European economies will announce Fundamental: France and Germany will announce their latest growth data next Thursday, and the European Central Bank and the US Federal Reserve will also be closely watched as they announce their latest monetary policy decisions.

 

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