European markets are poised to open lower on Tuesday, mirroring a global market pullback as concerns over AI-linked stocks resurface. The U.K.'s FTSE index is expected to open 1.1% lower, while Germany's DAX and France's CAC 40 are anticipated to drop by 1.3%, and Italy's FTSE MIB is projected to fall by 1.27%, according to IG data. This follows a negative performance from Wall Street on Monday, where the Dow Jones Industrial Average plunged over 550 points, or 1.2%, and the S&P 500 and Nasdaq Composite each lost around 0.9%.
The market's recent decline can be attributed to renewed concerns about the strength of the AI-powered market rally, with investors awaiting delayed jobs data and Nvidia's earnings report due on Wednesday. The chipmaker's stock, which declined 2% yesterday, has been at the center of a debate about the robustness of the AI-driven market surge. Concerns have grown about weak market breadth, high tech
