European stocks will open negatively on Tuesday as compared to the positive sentiment witnessed at the beginning of the new trading month.
According to data from IG, the FTSE index of the U.K. is observed to open slightly below the flatline, whereas Germany, on the other hand, opens 0.34 percent down, France opens 0.35 percent fell, and Italy opens 0.4 percent down.
The new trading week and month began on a positive note for European stocks. This comes before a busy week of central bank announcements and earnings on Tuesday, as well as third-quarter results from BP, Philips, Geberit, Associated British Foods, and Ferrari.
Saudi Aramco announced its most recent earnings early, reporting a 0.9 percent growth in third-quarter profit amid increased production, despite the ongoing low-price pressure.
The earnings of BP will be highly monitored on Tuesday, following the oil giant that gained about 1.2 percent on Monday, after it confirmed that the company will sell some of its U.S. onshore midstream holdings in the Eagle Ford and the Permian basins to Sixth Street at $1.5 billion.
With a glance at the global markets, the mixed trading occurred in the Asia-Pacific markets, and the U.S. stock futures were marginally low.
It follows after the S&P 500 and Nasdaq Composite gained ground on the prior day on the strength of ongoing excitement about the artificial intelligence trade.
tocks associated with the largest AI companies spurred the increase on Monday, and Amazon sealed a $38-billion deal with OpenAI, propelling the e-commerce giant to an all-time high closing value, and the stock ended up 4 percent.
