Lucy Harley-McKeown
European markets mixed and US muted following AI frenzy
The FTSE 100 and European markets were mixed and US equities made muted moves on Monday, following a wild ride over the last few weeks driven by earnings season.
The FTSE 100 (^FTSE) fell 0.3% by the afternoon. Over in Germany, the DAX (^GDAXI) was almost flat and the CAC (^FCHI) in Paris declined 0.5%.
The pan-European STOXX 600 (^STOXX) fell 0.3%.
US flagship indices made cautious moves higher after the opening bell, as the tail-end of earnings season plays out. The S&P 500 (^GSPC) was up 0.2%, the Dow (^DJI) was almost flat and the Nasdaq (^IXIC) was up 0.1%
Traders and central bank watchers will be looking to the US inflation reading on Thursday.
In the UK, housebuilders were in focus on the FTSE after the UK's competition watchdog suggested the government take a closer look at how they operate. The UK's largest housebuilder Barratt (BDEV.L) fell about 1.3% in early trade before trading around 0.3% lower at the close in London.
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