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Europe set to open lower as Democratic sweep fuels AI regulation fears
European shares were likely to open lower on Wednesday, with tech stocks in focus after Democrats won control of both chambers of the US Congress, fuelling concerns that tighter AI regulation could dampen investment in a sector that has driven much of the recent rally. Futures tracking the STOXX 600 were down about 0.2% by 0639 GMT, having recouped some losses following a 1.4% slide during Asian trade. Contracts tracking the German DAX dipped about 0.2%, while those of UK’s FTSE 100 lost 0.4%. Democrats captured majorities in both the Senate and House on Tuesday, scoring victories in conservat...
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