European Equities Largely Lower Though AI Stocks Gain

Dow Jones09-01

0722 GMT - European stock indexes are mixed at the open as U.S.-Iran escalation drags on travel stocks and energy-intensive industrials. AI-related stocks gain, however, as Europe-wide Stoxx 600 is flat. London's FTSE 100 falls 0.4%, dragged by a 2.9% drop for defense group Rolls-Royce while metals miners also slide. InterContinental Hotels Group is down 3.6%. The German DAX is 0.4% lower. Software giant SAP drops 2.7%, while Rheinmetall falls 2.3%. France's CAC 40 is in the green, rising 0.2%. Industrial gas group Air Liquide jumps 3.6% after activist investor Elliott Management built a stake in the company, according to an FT report. Italy's FTSE MIB is flat, while the Spanish IBEX 35 slips 0.2%. The semiconductor-heavy AEX adds 3%, boosted by a 1% gain for ASML.

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