Europe to open lower as markets question tech valuations; Novo Nordisk earnings ahead

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A trader works connected the level astatine the New York Stock Exchange (NYSE) successful New York City, U.S., Oct. 29, 2025.

Brendan McDermid | Reuters

LONDON — European stocks are expected to unfastened lower, mirroring planetary declines arsenic concerns turn implicit sky-high tech valuations.

The U.K.'s FTSE scale is seen opening 0.27% lower, Germany's DAX down 0.62%, France's CAC 40 down 0.56% and Italy's FTSE MIB 0.76% lower, according to information from IG.

The lackluster sentiment seen successful European bourses Wednesday comes amid a akin representation successful U.S. and Asia Pacific markets overnight, arsenic investors look progressively acrophobic astir the lofty valuations of AI-related stocks and tech companies, fearing a bubble is forming.

Overnight, futures tied to the tech-heavy Nasdaq slid arsenic investors continued to grapple with wherever megacap tech stocks caput from here. Meanwhile, Japan's Nikkei 225 plunged beneath the 50,000 people overnight amid a wider diminution successful Asia markets arsenic investors fled AI-related stocks.

Market sentiment besides took a sound yesterday erstwhile the CEOs of Goldman Sachs and Morgan Stanley warned investors to brace for a drawdown successful markets implicit the adjacent 2 years.

It's different engaged time for net successful Europe connected Wednesday with Novo Nordisk, BMW, Leonardo, Orsted and Vestas each owed to study third-quarter figures.

Novo Nordisk flags flutter extracurricular their bureau successful Bagsvaerd, connected the outskirts of Copenhagen, Denmark, July 14, 2025.

Tom Little | Reuters

Sweden's Riksbank volition denote its latest involvement complaint determination connected Wednesday, and connected the information front, we'll beryllium seeing the latest Germany mill orders, U.K. caller car income and European purchasing managers' scale (PMI) data.

— CNBC's Lee Ying Shan and Sarah Min

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