European stocks retreat as AI IPO delay, U.S. inflation and geopolitical flare-ups weigh on risk appetite
European equities opened lower after a brief peak, with the STOXX 600 down 0.4% following a record close. Investors reacted to reports that OpenAI may push its IPO to 2027, a hotter-than-expected U.S. inflation print lifting Federal Reserve tightening odds, and a reported attack on a commercial tanker in the Strait of Hormuz. Tech names, consumer d…