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European markets struggle after US semiconductor selloff.
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Earnings season proving difficult thus far, following ASML and UHG led declines.
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FTSE 100 outperforms as sharp decline in UK inflation points towards faster easing.
Mainland European markets have opened on a somewhat downbeat tone following the US session that saw a tech sell off driven by the unexpected early release of earnings from Dutch manufacturing giant ASML. In a week that had started with Nvidia hitting fresh record highs that brought the market capitalisation up to a lofty $3.4 trillion, we have since seen the semiconductor stocks hit hard after ASML booked less than half the orders expected by the market. Unfortunately, another dark spot for US markets came from the healthcare providers, with UnitedHealth Group stock tumbling on rising costs. All-in-all, this has been a tough week for earnings thus far, with early indications from…
