Nvidia Earnings Loom Large Over European Markets
European stocks were lower on Monday as investors awaited Nvidia's earnings report on Wednesday and weighed the potential impact of new US sanctions on Iran.
The STOXX 600 index slipped 0.1% to 653.40, but tech stocks were under particular scrutiny due to their heavy weighting in AI-related themes.
Nvidia's results are seen as a key indicator of global market sentiment, with its earnings report serving as a 'risk check-in' for many portfolios tied to the AI theme.
Options markets have been pricing in high volatility ahead of the report, with dealers selling options and hedging by buying or selling related stocks and indexes.