LONDON — European stocks were expected to open lower as worries about artificial intelligence and volatility in precious metals grip global markets.

British FTSE German index expected to open 0.5% lower German DAX Index France fell nearly 1% CAC 40 Down 0.8%, Italy FTSE MIB A similar decline was seen, according to IG data.

Europe is expected to post sharp losses on Monday, with similar moves expected in global markets.

Asia Pacific market Overnight, South Korea’s benchmark index led losses, with investors keeping a close eye on gold and silver prices after sharp losses on Friday. Meanwhile, U.S. stock futures fell late Sunday as traders kept a close eye on Bitcoin following a weekend selloff.

Bitcoin Saturday Dropped below $80,000 It’s the first sign since April that investors are avoiding more risk following Friday’s sharp gains. precious drop Metal.

Silver, which has more than doubled in the past 12 months, plunged around 30% on Friday. It marked the metal’s worst single-day performance since 1980. Gold prices also fell around 9%.

Wall Street is also turning its attention to NVIDIA Doubts emerge amid the artificial intelligence boom. Nvidia’s plan to invest $100 billion in OpenAI has stalled, with chipmaker executives expressing doubts about the deal, “Wall Street Journal” reportsciting people familiar with the matter.

Europe’s revenue comes from Julius Baer Group Today, German retail sales and Spanish new car sales data are due to be released.

—CNBC’s Fred Imbert contributed to this market report.