Global Markets | European shares slip as AI-disruption worries, mixed earnings weigh

European shares slipped on Friday, tracking a sombre global mood as uncertainties ‌about artificial intelligence-related ⁠disruptions ⁠persisted, while investors also assessed mixed corporate earnings from companies such as Safran and L'Oreal. The pan-European STOXX 600 index was down 0.3% at 616.58 points, as of 0821 GMT, and is now on track to end the week ⁠flat.

This week ‌was marked by patches ​of volatility ​for global investors as they tried ⁠to weigh the impact that newer ​AI models could have on the traditional ​businesses of logistics companies, insurers, software companies, and asset managers.

Further, disappointing gross margins from U.S.-based Cisco Systems <CSCO.O> also added tojitters.


L'Oreal slipped 6.6% after the owner of Maybelline make-up and ‌Kerastase shampoo's fourth-quarter sales growth missed estimates. The broader personal and household ​goods sector fell ​1.2% and ⁠led sectoral declines.

Delivery Hero slid 8.7% after the food-delivery company's Middle East unit posted mixed results, ​a European trader said.

On the flip side, jumped 7% after the French aerospace group forecast increased revenue and earnings for 2026.