European markets mixed as investors reassess AI spending risks

London (UKX) -0.11%

Germany (DAX:IND) +0.68%.

France (CAC:IND) -0.14%.

In other parts of Europe, Austria’s annual inflation rate rose to 3.6% in September.

Producer prices in the Czech Republic climbed to 3.7% Y/Y in September.

Hungary’s gross average wages rose by 8.4% Y/Y.

Sweden’s unemployment rate fell to 8.1% in September.

The pan-European Stoxx 600 (STOXX) edged 0.36% higher to 642.4, as concerns about AI spending eased despite high interest rates and technology stocks rebounded from the previous session’s sell-off. Fed Chair Warsh offered no clear signal on this month’s FOMC decision, saying hotter-than-expected inflation had not changed his economic outlook, as traders further reduced bets on an October rate hike.

Coming up in the session: Euro Area trade balance expected shortly.