European stocks dip slightly at end of holiday-shortened week, with traders cautious about economic data

From Investing.com: 2025-01-03 03:35:45

European stocks dipped slightly at the end of the week, with traders keeping an eye on economic data and potential changes in U.S. policies under Trump. The pan-European index fell 0.1%, but is set for a 0.7% weekly rise. Swiss stocks rose 0.5%, while German and French indexes saw slight declines.

China-exposed sectors faced pressure despite Beijing’s plans to increase funding with ultra-long treasury bonds to boost business investment and consumer initiatives. Investors remain concerned about China’s economy and potential trade conflicts with the U.S. ahead of Trump’s inauguration.

Tullow Oil saw a 12.5% surge after news that it won’t have to pay $320 million in taxes following a ruling on its Ghana operations by the International Chamber of Commerce. Trading activity was light as traders returned from the New Year holidays.



Read more at Investing.com: European stocks dip at end of holiday-shortened week By Reuters