European stocks slip slightly as investors take profits, Spanish inflation rises; negative

From Investing.com: 2024-12-30 04:38:46

European stock markets dipped slightly on the final full trading day of 2024 as investors lock in profits after a positive year. German DAX was flat, French CAC slipped 0.1%, and UK’s FTSE 100 dropped 0.3%.

Trading in Europe expected to be quiet as markets wind down for New Year holiday. Pan-European STOXX 600 index traded lower but still up around 5.5% for the year, with German DAX up over 19% and FTSE 100 up 5%.

Spanish inflation rose to 2.8% in December from 2.4% in November. ECB cut interest rates earlier and hinted at more cuts, but next cut may be delayed due to recent inflation uptick to 2.2%, above the 2% target rate.

Siemens Healthineers stock fell 1% after CFO mentioned review of Siemens’ majority stake in medical technology unit. Crude prices slipped in thin holiday trade, with US crude futures dropping 0.1% to $70.53 and Brent falling 0.1% to $73.69 a barrel.



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