Major indices in Europe keep the optimism flowing on the week

Major European indices are experiencing a strong start, showing little anxiety as they open solidly. The presence of non-tech heavy stocks in Europe diminishes concerns about AI valuations, which have been a significant worry elsewhere. The modest gains reflect the positive trend seen in Asia with the Nikkei. As for the numbers, the Eurostoxx is up by 0.2%, DAX by 0.1%, CAC 40 by 0.5%, FTSE by 0.3%, IBEX by 0.6%, and FTSE MIB by 0.2%. This optimistic opening also brings about fresh record highs for major indices in France, Spain, and the UK. Conversely, US futures are more muted, with S&P 500, Nasdaq, and Dow all down by 0.2%. The anxiety surrounding Nvidia's chip ban from China adds to the global market's uncertainty, as it impacts the high expectations set for the AI sector. Later today, significant bank earnings reports from BofA, Wells Fargo, and Citi are expected, which could shift market sentiments.