14.09.202606:23:10UTC+00European Stocks Head for Lower Open

European equity markets were poised for a weaker open on Monday, as oil prices climbed again after Saudi Arabia shut down a major oil pipeline following drone attacks and a planned meeting between Iran and Gulf states was postponed. Global risk sentiment was further dampened after leading artificial intelligence companies urged a slower pace of AI development amid mounting safety concerns. Investors are also positioning ahead of this week’s US Federal Reserve policy meeting, where the central bank is widely expected to raise interest rates to counter persistent inflationary pressures. The European Central Bank implemented a rate hike last week, while the Bank of England is expected to leave policy unchanged on Thursday. No major economic data releases or corporate earnings reports are scheduled in Europe today. In premarket trading, Euro Stoxx 50 and Stoxx 600 futures were down 0.4% and 0.2%, respectively.