European equities slipped on Monday as technology stocks weighed on the broader market, while investors monitored geopolitical risks tied to potential U.S. sanctions on Iran and awaited key corporate earnings.
The pan-European STOXX 600 index was down 0.1% at 653.40 by 0713 GMT, reflecting cautious sentiment across the region. Energy shares lagged, falling 0.4%, while basic resources led gains with an increase of 0.8%.
Technology stocks remained under pressure ahead of Nvidia’s earnings report, scheduled for release on Wednesday. The chipmaker faces high expectations after its recent surge, leaving investors to assess whether it can sustain its momentum. The sector’s performance has been a key drag on broader market gains in recent sessions.
Brent crude futures held around $92 a barrel, while gold prices advanced as the U.S. dollar weakened. The precious metal’s gains underscored its role as a traditional safe-haven asset amid rising geopolitical tensions.
U.S. threats of sanctions on Iran added to market caution. Washington warned of what it described as "the greatest financial offensive ever marshalled" against Tehran, targeting its trade partners. In response, Iran vowed to halt all oil exports from the Gulf if the economic pressure escalated further.
Elsewhere, Federal Reserve Chair Kevin Warsh is scheduled to deliver remarks at the Jackson Hole Economic Symposium on Friday, an event closely watched for signals on U.S. interest rate policy. Market participants are seeking clarity on the central bank’s next steps amid evolving economic conditions.
The mixed signals—from corporate earnings to geopolitical risks—kept European equities in a tight range, with investors balancing growth prospects against potential disruptions.
