European markets close lower with eyes on U.S.-China trade talks

European stocks close slightly lower

Europe’s Stoxx 600 index has provisionally ended Monday’s session 0.08% lower — slightly off earlier lows, but reflecting a wait-and-see sentiment among investors who are still braced for any announcements out of U.S.-China trade talks taking place in the U.K. today.

It was a quiet day for data and earnings, but big market moves came from London listings. Chip designer Alphawave jumped 20% after agreeing to a $2.4 billion takeover by U.S. semiconductor giant Qualcomm, while technical instruments-maker Spectris soared 60% after confirming that it is in talks over a takeover by private equity group Advent International.

And in more news out of the U.K. capital, Nvidia CEO Jensen Huang pledged to boost investment in the country’s artificial intelligence sector at London Tech Week, describing a “Goldilocks” opportunity.

On Tuesday, we’ll be monitoring more from London Tech Week, as well as the European Defence and Security Summit in Brussels, the Paris Finance Forum and the Nvidia GTC AI conference, also in Paris. Data is due on U.K. jobs and wages. See you then.

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