GK and monthly revision

European shares slip as tech selloff bites, Zalando slides

European markets experienced a decline as tech stocks faced a selloff, influenced by global market trends. The significant drop in Zalando shares, following a German investigation into its financial accounts, raised concerns in the retail sector. Investors are currently navigating the uncertain implications of artificial intelligence on technology stocks, which contributed to the overall market retreat. Despite this, the STOXX 600 index recorded modest weekly gains, supported by reduced oil price concerns and a lesser exposure of European markets to technology stocks.