European stocks decline amid geopolitical risks despite U.S. tech gains
European stock markets fell on concerns over rising geopolitical tensions, which overshadowed a strong performance in the U.S. technology sector. The UK's FTSE 100 dropped by 0.22%, while Germany’s DAX and France’s CAC both declined slightly as well. Meanwhile, the British pound weakened to $1.336, close to its lowest level since late July. In fiscal news, the UK reported public-sector net borrowing of £18.3 billion for August. The market reaction reflects investor caution in light of ongoing geopolitical uncertainties and mixed economic signals across Europe. While U.S. tech stocks continued their upward trend, European markets struggled with domestic political developments and broader macroeconomic concerns.
