European stocks are expected to open lower as concerns about tech valuations and U.S. government intervention in Intel weigh on investor sentiment. The U.S. government plans to take an equity stake in Intel, but without voting rights or control over operations. President Trump warned Putin of a “rough situation” if peace talks with Kyiv do not progress. Traders await Fed minutes and Powell’s speech at the Jackson Hole Symposium for hints on a rate cut. Asian markets were mixed, with gold near a three-week low and oil prices rising on progress in Ukraine talks. U.S. stocks closed mostly lower, led by a tech sell-off. European stocks closed higher as diplomatic efforts to end the Ukraine war boosted investor confidence.

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