European stocks remain flat as US Federal Reserve nomination hits commodity markets
The STOXX 600 index finished flat on Monday as defensive gains offset a selloff in commodities following the nomination of Kevin Warsh for U.S. Fed Chair.
Insights:
The pan-European STOXX 600 index was essentially flat at 1017 GMT on Monday, Feb. 2, 2026, after falling by as much as 0.7% earlier in the trading session. This initial volatility followed news that President Donald Trump donald trumpof the US 
USnominated Kevin Warsh kevin warshas the next chair of the U.S. Federal Reserve. The nomination coincided with a wave of selling in risk assets, as market participants weighed the implications of the appointment. Analyst Michael Field michael fieldnoted that investors generally see Kevin Warshas a more hawkish candidate, a perception that reportedly reduced the allure of gold and other precious metals.
USnominated Kevin Warsh kevin warshas the next chair of the U.S. Federal Reserve. The nomination coincided with a wave of selling in risk assets, as market participants weighed the implications of the appointment. Analyst Michael Field michael fieldnoted that investors generally see Kevin Warshas a more hawkish candidate, a perception that reportedly reduced the allure of gold and other precious metals.
