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Europe stocks fall after worst session for a month; Royal Mail owner IDS up 3% after sale agreement

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European markets opened lower Wednesday after the Stoxx 600 index had its worst session since late April.

was down 0.35% at 9:30 a.m. in London, with oil and gas up 1% as the lone sector in the green while travel stocks fell 1%.The Stoxx dropped 0.

However, as the flow of earnings has dried up, attention has shifted back to the plans of the world's major central banks as they express caution over the inflationary outlook. Nick Griffin, chief investment officer at Munro Partners, has invested in Nvidia since 2019 – but even he is taken aback by the stock's astronomical run so far.

"We are far from topping out on AI. This should be enough to sustain investor confidence in AI supply chain stocks in Asia," the investment bank's analysts wrote in a May 22 research note.

 

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