European markets open lower after Christmas break
European stocks traded lower on Friday as markets resumed trading after the Christmas holiday.
The Stoxx 50 and Stoxx 600 each fell 0.1%, with most sectors and major bourses in negative territory. This followed a shortened session at the start of the week due to Christmas Eve, with many traders still away for the holiday season.
As 2024 winds down, attention turns to the final trading days, New Year’s Day on Tuesday, and the outlook for monetary policy from the European Central Bank and the Federal Reserve.
Market watchers are also watching for potential tariff changes under U.S. President-elect Donald Trump.
Meanwhile, Spanish retail sales rose less than anticipated in November year-on-year, and Chinese industrial profits slowed their decline, easing some economic concerns.
Source: Trading Economics