06.07.202606:43:00UTC+00European Stocks Poised for Muted Open

European equity markets were poised to open flat to slightly lower on Monday, after setting record highs last week, as investors shifted their attention to the start of the corporate earnings season. Market participants were also awaiting a new round of S&P Global PMI releases from across Europe for updated signals on the region’s economic momentum. In the US, the focus will be on the minutes from the Federal Reserve’s June policy meeting, as investors look for further guidance on the interest rate trajectory amid reduced expectations for a near-term rate hike. At the same time, the sustainability of the artificial intelligence rally remained under scrutiny, with growing questions over whether substantial capital allocation to the sector will ultimately be matched by stronger profit growth. In premarket trading, futures on both the Euro Stoxx 50 and the Stoxx 600 were down about 0.1%.