by Diana Mandia

(Reuters) – Wall Street is expected to decrease and European scholarships retreat on mid -session on Monday, investors evaluating the implications of launch by the Chinese startup Deepseek of a model of artificial intelligence (IA) more efficient than the OPENAI chatgpt.

The announcement of the Chinese company weighs heavily on a sector which experienced a meteoric rise during the past year.

Futures in New York indices report an opening of Wall Street down 0.89% for Dow Jones, 2.4% for Standard & Poor’s-500 and 4.13% for NASDAQ.

In Paris, the CAC 40 lost 0.78% to 7,866.10 points around 11:51 GMT. In Frankfurt, the Dax fell by 1.15% and in London, the FTSE 100 yields 0.30%.

The Eurostoxx 50 index is down 1.25%, the FTSEURofirst 300 from 0.67%and the Stoxx 600 of 0.58%.

European scholarships suffer on Monday, weighed down by the technology sector while the artificial intelligence model (AI) presented by the Chinese startup Deepseek could call into question the enthusiasm for the sector and disappoint investors who had bet on him lessons in recent years.

The Chinese start-up Deepseek, which has just launched a more efficient AI model than that of the American Chatgpt, feeds fears that investments in this technology are not as important as we thought.

The company claims in particular to use cheaper fleas and less data, which seems to question the widespread bet on the market that AI will stimulate demand throughout the supply chain, from manufacturers of fleas to data centers.

“China and Deepseek claim, at the very least, that they can offer what Chatgpt can offer today to a fraction of the cost,” said George Lagarias, investment strategist at Forvis Mazars.

“It is logical that the markets question the discourse that has underpinned the entire market (…). It is a very agitated market, so it does not take much so that investors take on benefits, “he added.

In response to these fears, the technological index of the Stoxx 600 is receding 4.6% on Monday, its highest decline in one day since mid-October, and American technological values ​​also expect a difficult session at the start of ‘A week during which the big names in the sector must present their annual results.

Investors are also preparing for one week in charge of business results, macroeconomic indicators and especially in monetary policy: the American Federal Reserve (Fed) will announce its next decision on Wednesday, most likely opting for the status quo, followed on Thursday By the European Central Bank (ECB), which should announce a new relaxation of loan costs.

The president of the Frankfurt institution, Christine Lagarde, also warned on Monday against the risks that weigh on the independence of central banks in certain parts of the world, which could erode their ability to master inflation.

President Donald Trump, who said last week that he would demand the Fed that she reduces his interest rates, continues to arouse questions about his commercial policy after having raised customs duties on Colombia, which has agreed to accommodate migrants expelled from the United States.

The values ​​to follow at Wall Street

The technology sector is expected to accuse a strong fall on Monday at the opening after the announcements of the Chinese start-up Deepseek. NVIDIA, whose action has increased by more than 800% since the beginning of 2023 thanks to the hopes aroused by AI, abandoned about 7% in the fore-bours.

Values ​​in Europe

The collapse of technological values ​​leads to the entire sector in Europe on Monday.

The Dutch giants of semiconductors ASML, Asmi and be semi lose between 9% and 13%, while Siemens Energy, which provides electrical equipment for the infrastructure of the AI, has lost 20% and Schneider Electric, also very Exposed to this sector, abandons 10%.

The European industrial values, which had also benefited from the increase in prices related to AI, are also affected, the sectoral index declining of 3%.

In the rest of the business news, Ryanair takes 2.7% after posting a higher quarterly benefit than expected.

Universal Music Group is advancing for its part of 5.5% after the announcement, the day before, of a multi -year license agreement with the Swedish giant of the Spotify streaming.

In Paris, the Action Bureau Veritas lost 2.6% after the announcement of the end of the talks between the French group and its Swiss competitor SGS.

RATE

Bond yields are sharply retreating in the United States on Monday, investors looking for the security of sovereign debt, while the appetite for risk decreases due to fears of competition from the Chinese IA model.

The yield of Treasuries at ten years loses 11.1 base points at 4.5101%. The two -year -old abandons 9.2 base points at 4.1801%.

In Europe, where investors also await the drop in rates by the ECB later in the week, the yield of the German Bund at ten years gives 7.3 base points to 2,4720%.

Changes

On the foreign exchange market, the dollar is down while Donald Trump abolished the customs duties imposed against Colombia, the country having agreed to accommodate migrants expelled from the United States. China, Mexico and Canada remain on the alert, the American president who announced last week that he would impose additional rights from February 1.

The greenback thus loses 0.27% against a basket of reference currencies.

The euro wins 0.16% to $ 1.0510 for its part.

OIL

Oil prices retreat slightly on Monday, while Donald Trump once again called on OPEC countries to accept a drop in prices and the withdrawal of sanctions threats against Colombia has reduced immediate concerns concerning the disruption of the supply.

Brent loses 0.28% at $ 78.28 per barrel and light American crude (West Texas Intermediate, WTI) 0.33% to $ 74.41.

No more major economic indicator at the January 27 agenda:

(Some data may accuse a slight offset)

(Written by Diana Mandiá, edited by Augustin Turpin)

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