File photo: Bullish and bearish symbols representing successful and unsuccessful trades are seen in front of the Deutsche Börse (Deutsche Börse) in Frankfurt, Germany, on February 12, 2019.
Kai Pfaffenbach | Reuters
European stocks were mixed on Friday after concerns about AI sparked another sell-off on Wall Street overnight.
pan-european Stocks 600 By 11:30 a.m. ET in London, it was down 0.4%, with most sectors and major exchanges in negative territory.
French aerospace company saffron The company rose 7.3% on Friday to lead the Stoxx 600 index, as it forecast sales to rise 15% to 31.3 billion euros and 2025 net profit to rise 3.5% from a year earlier to 3.17 billion euros ($3.8 billion).
In other corporate financial news, natwest group Shares fell 1.8% last week after the British financial institution posted fourth-quarter profits of 1.48 billion pounds, beating analysts’ expectations for 1.24 billion pounds.
French multinational cosmetics and personal care staple loreal German online food delivery names were more than 4% lower delivery hero The stock fell 5.6% after both companies announced their financial results.
Stocks related to the European real estate sector fell on Friday morning after concerns about AI spilled over into U.S. real estate, trucking and software stocks during pre-market trading.
rand securitiesThe UK’s largest commercial property developer and investment company fell 1.5% on Friday morning, while rival developers british land The stock fell 1.1% in morning trading. SeguroThe German real estate operator, which specializes in flexible suburban business space, fell 0.7%. Vonovia It was down 1.2%.
Dan Ives, global head of technology research at Wedbush Securities, acknowledged that certain sectors, particularly software, are facing AI-related headwinds, but told CNBC that talk of a “software armageddon” is overblown.
Meanwhile, investors around the world are also waiting for U.S. inflation data to be released by the Bureau of Labor Statistics at 8:30 a.m. ET.
Metals markets slumped on Friday morning after the Financial Times reported that US President Donald Trump plans to roll back tariffs on steel and aluminum. London and US aluminum futures fell 1.2% and 0.6%, respectively, while steel futures fell 0.1% last month.
International officials are gathering in Munich, Germany, for the Munich Security Conference, which runs until Sunday.
