European stock futures fell before trading on Friday, November 6, as investors assessed the outlook for artificial intelligence companies and data-center investment after Democrats won control of both chambers of the US Congress.
At 6:52 GMT, futures on the EURO STOXX 50 were down 1%. Contracts tracking Germany’s DAX and the UK’s main benchmark fell 0.8% and 0.9%, respectively, according to France 24. Those figures describe pre-market futures, rather than the exchanges’ performance during Friday’s session.
The declines followed a sharp selloff in US markets on Thursday, when technology shares came under particular pressure. Investors were weighing concerns that a Democratic-led Congress could seek tighter limits on AI data-center expansion, alongside worries about weak returns, high valuations and investment financed with debt. These were investor concerns, not announced policy changes.
The selloff came after the November 3 midterm elections, in which Democrats took control of both chambers of Congress. The Associated Press reported that Thursday’s losses erased more than the previous day’s gains in US stocks.
President Donald Trump blamed the election result for the market decline in a post on Truth Social after US markets closed Thursday. Analysts cited by France 24 linked the selling to uncertainty about possible constraints on data-center spending, a major area of investment for the AI industry.
Opposition to data centers also featured in some candidates’ campaign platforms, although regulation of the facilities was not on most midterm ballots and was not among the leading issues for most voters.
Clayton Ward