FTXL is trading 5.2% lower in pre-market, reflecting broad information technology weakness as Nasdaq futures fall and risk sentiment turns cautious.
- Regulatory headwinds are intensifying following tougher UK app-store payment proposals targeting Apple and Google commissions, alongside BIS warnings regarding systemic AI investment risks.
- Macroeconomic pressure from renewed U.S.-Iran negotiation setbacks has lifted oil prices, further impacting growth stocks and AI-exposed names.