European equity markets were poised to open largely flat on Monday, as investors remained cautious after a volatile week in which global stocks came under pressure on fears of tighter AI regulation following the Democratic Party’s sweeping victory in the US midterm elections. Market participants will also be watching Germany’s September trade figures and a fresh round of corporate earnings from major European companies, including Hannover Re, Amadeus IT, and Covestro.
In corporate news, Italian lender UniCredit SpA reported a record quarterly profit and raised its full-year guidance, bolstering CEO Andrea Orcel’s position as he moves closer to securing control of Commerzbank AG. In premarket trading, Euro Stoxx 50 and Stoxx 600 futures were little changed, pointing to a subdued start for the European session.
