European stocks expected to open mixed as investors assess rate outlook under Trump.

From Nasdaq.: 2025-01-02 00:37:54

European stocks are expected to open mixed as investors assess the U.S. rate outlook under President-elect Trump. Trump plans to impose tariffs on imports from Canada, Mexico, and China. U.S. stock futures edged higher ahead of Tesla’s delivery and production figures. Asian markets fell, with concerns about U.S.-China relations. Chinese factory activity data showed a decline in December. Gold prices rose slightly, while oil ticked higher on a larger-than-expected drawdown in U.S. crude inventories. The dollar index and 10-year U.S. yield saw gains in 2024. Crude oil prices fell for the second straight year, while gold had one of its best performances in a decade. The S&P 500, Nasdaq, and Dow had positive gains in 2024. European markets had a moderate performance, with the Euro Stoxx 50 and FTSE 100 seeing gains.



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