European markets are poised for a subdued opening Tuesday as investors prepare for the New Year holiday. London’s FTSE 100 is projected to dip by 20 points to 8,100, while France’s CAC 40 is expected to decline by 5 points to 7,309. Both exchanges will operate on shortened trading hours today.
Markets in Germany and Italy are closed for the day, and all European bourses will remain shut on New Year’s Day, reopening on January 2.
European Stocks Ended The Last Full Trading Session Of The Year In Negative Territory.
According to reports, on 30th December, European stocks ended the last full trading session of the year in negative territory. However, the region’s Stoxx 600 index is up approximately 5.5 percent for 2024, reflecting a year of moderate gains. Despite this, it lags significantly behind the U.S. S&P 500, which has surged by about 25 percent this year.
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U.S. stock futures dipped slightly ahead of the year’s final trading session, capping off another stellar year for Wall Street. In Asia-Pacific, markets were mixed overnight. China’s benchmark CSI 300 index edged higher for the year, breaking a three-year losing streak, despite weaker-than-expected manufacturing growth in December.
With regional markets preparing for a fresh start in 2025, attention remains on global economic trends and company-specific developments.
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