Market Update: European Shares Expected to Decline Amid Tech Sector Speculation

European shares are poised to see a decline as investors shift their focus away from the technology sector following a mixed day on Wall Street. The Euro Stoxx 50 futures fell while US contracts moved higher, signaling a potential end to the tech sector rally. In contrast, Asian stocks saw advances with Japanese stocks leading the way as investors turned to value stocks.

As global investors rebalance their portfolios, selling high-performing assets and buying underperforming names, the market is expected to see broader support. Additionally, France and Spain are set to hold political debates and release economic data, while China boosts machinery stocks amidst calls for technological innovation urgency.

On the trade front, the US is investigating Chinese telecom giants for data exploitation concerns, leading to predictions of a possible pause in US stocks. Oil prices rose amid geopolitical tensions, while gold fell on a weaker dollar and copper gained on potential Chinese stimulus measures.

In the cryptocurrency market, Bitcoin rebounded while other cryptocurrencies also saw gains. Key events to watch this week include reports on consumer confidence, new home sales, industrial gains, and GDP data. Major market movements saw a rise in S&P 500 futures and Nikkei 225 futures, with stable currency and cryptocurrency movements. Stay tuned for more updates on the evolving market landscape.