European markets opened in negative territory on Monday, in what will be the region’s last full trading session of the year.
Trading is expected to be quiet in Europe on Monday, as markets prepare to withdraw from the New Year holiday.
Over the weekend, European Central Bank Governing Council member Robert Holzman said He told the Austrian newspaper Kurier That the institution can slow down the campaign to cut interest rates thanks to stable inflation.
He added: “I don’t see any rise in interest rates at the moment.” “But what could happen is that it takes more time until the next rate cut.”
His statements were made by Italian lawmakers They approved their government budget for 2025which aims to bring the country’s fiscal deficit closer to 3%. In order to comply with European Union rules.
In an interview published on Saturday, newly appointed French Finance Minister Eric Lombard told the media La Tribune Sunday The country’s impending budget bill for 2025 aims to achieve a deficit of just over 5%, according to a Reuters translation.
On the economic data front, Spain will publish the latest inflation figures on Monday and Türkiye will update its economic confidence index.
overnight in asia, Stocks were mixed Investors monitored political turmoil in South Korea, as well as industrial data outside the country. Japan also published economic data at the beginning of the week that showed the contraction in factory activity slowing this month.
Shares of Korean airlines fell on Monday after Jeju Airlines plane crash Which claimed 179 lives the day before, as Jeju Air’s stock price hit an all-time low.
— CNBC’s Li Yingshan and Reuters contributed to this European markets summary.
https://image.cnbcfm.com/api/v1/image/108080522-1735543421857-gettyimages-2189972350-VukValcicCity181224_11.jpeg?v=1735543462&w=1920&h=1080
Source link