European tech stocks hit six-week low as calls for AI slowdown worry investors – business live | Business

• Bank of America named Saipem as one of its top two European oil sector stock picks. • Saipem lowered its 2026 core earnings forecast to €1.75 billion due to additional costs from the Middle East crisis.

• Saudi Arabia closed its East-West oil pipeline on Friday as a precautionary measure following attacks. • The closure occurred after security threats targeted the infrastructure, though the specific nature of the attacks was not detailed.

• European Union financial services commissioner Maria Luis Albuquerque rejected requests from banks to divide a comprehensive reform package designed to strengthen the bloc's financial system. • The decision maintains the current structure of the grand plan rather than splitting it into two separate initiatives as banks had demanded.

• European stocks declined recently as investors reacted to a pause in AI safety developments and shifting expectations for Federal Reserve interest rate moves. • Market sentiment is currently weighed down by a combination of energy-driven inflation shocks and upcoming global monetary policy decisions.

• Crude oil futures rose at the start of the week after Saudi Arabia shut down its East-West Pipeline. • The shutdown followed a series of attacks that occurred last week.

• Asian stock markets declined recently as investors grew concerned about a slowdown in artificial intelligence growth and rising oil prices. • China's CSI 300 index fell 0.3%, while Singapore's Straits Times index rose marginally by 0.1%.

• India's market regulator, Sebi, is considering weakening or abandoning its recent market-closing auction reform after facing investor backlash and volatility. • The reform was originally designed to curb price manipulation during the final minutes of trading.

• Markets during the Asia session on Monday, September 14, 2026, were driven by rising oil prices and inflation concerns. • The European Central Bank previously held the deposit facility rate at 2.25% during its July 23 decision.

• Chinese stock traders are bracing for volatility ahead of a meeting between President Xi Jinping and Donald Trump. • The CSI 300 Index in mainland China has dropped nearly 4 percent over the past month as investors fear U.S. monetary tightening.

• Prime Minister Narendra Modi and Chinese President Xi Jinping held a 50-minute meeting and shared a warm handshake in New Delhi during the BRICS summit. • The interaction follows six years of diplomatic tension stemming from the deadly 2020 border standoff in eastern Ladakh.

• European stock markets launched a consolidated tape on Monday to provide a single, unified data feed for investors. • This system replaces a fragmented landscape where market data was previously split across multiple different trading venues.