PREMARKET : FRANCE CONCERNS WEIGH ON EUROPE , WHILE WALL STREET LOOKS TO AI EARNINGS

What happened: European stocks and the euro fell as unrest in France added to concerns about the country's fiscal outlook, while Wall Street futures rebounded ahead of a big week of AI earnings. Key numbers: STOXX 600 fell 0.7 per cent; CAC 40 dropped over 1 per cent; euro fell 0.3 Why it matters: Investors are focused on whether massive AI spending will pay off, with Swissquote's Ipek Ozkardeskaya saying they want evidence AI is generating enough revenue and profit to justify the bill. Goldman Sachs expects five AI hyperscalers to raise capital spending to about US$1.2 trillion next year.

European stocks and the euro fell as unrest in France added to concerns about the country's fiscal outlook, while Wall Street futures rebounded ahead of a big week of AI earnings.

Investors are focused on whether massive AI spending will pay off, with Swissquote's Ipek Ozkardeskaya saying they want evidence AI is generating enough revenue and profit to justify the bill. Goldman Sachs expects five AI hyperscalers to raise capital spending to about US$1.2 trillion next year.