02.02.202605:58:45UTC+00European Stocks Head for Lower Open

European equity markets were poised for a lower opening on Monday, as global risk sentiment waned in the aftermath of a significant selloff in precious metals. This downturn spurred forced liquidations across various asset classes. Technology stocks also faced pressure due to revived apprehensions surrounding the sustainability of investments in artificial intelligence. Notably, Nvidia reportedly decided to halt plans to invest up to $100 billion in OpenAI. Further contributing to market unease was the nomination of Kevin Warsh by US President Donald Trump as the prospective chairman of the Federal Reserve, given his reputation as a more hawkish candidate. In Europe, investors awaited the policy decisions from the European Central Bank and the Bank of England anticipated later this week, with expectations leaning towards unchanged interest rates from both institutions. In premarket trading, futures for the Euro Stoxx 50 and the Stoxx 600 declined by 1.1% and 0.8%, respectively.