European markets set for negative open as sentiment struggles ahead of ECB meeting

European stocks are expected to open lower as markets struggle to find positive momentum ahead of the European Central Bank meeting later this week. The ECB is anticipated to keep interest rates steady, even as inflation shows signs of easing. In Asia-Pacific markets, China’s “Two Sessions” meeting begins, with investors awaiting details on economic plans. China plans to increase defense spending by 7.2% in 2024 and expects inflation to rise. US stock futures declined after the Nasdaq Composite retreated from its record high. Hedge fund manager David Neuhauser suggests betting on sectors tied to the “boomer renaissance” rather than mega tech stocks. One fund manager expresses reservations about the profit potential of electric vehicle manufacturers, including Tesla. European markets are forecasted to open lower.