{"id":109855,"date":"2024-12-24T13:38:41","date_gmt":"2024-12-24T09:38:41","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=109855"},"modified":"2024-12-24T13:38:44","modified_gmt":"2024-12-24T09:38:44","slug":"european-stock-markets-see-modest-gains-in-holiday-thinned-trading","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/european-stock-markets-see-modest-gains-in-holiday-thinned-trading\/12\/24\/market-updates\/","title":{"rendered":"European Stock Markets See Modest Gains in Holiday-Thinned Trading"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>European stock markets edged slightly higher on Tuesday as trading volumes remained muted due to the holiday season.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>FTSE 100<\/strong>: Up <strong>0.3%<\/strong><\/li>\n\n\n\n<li><strong>CAC 40<\/strong>: Increased <strong>0.4%<\/strong><\/li>\n\n\n\n<li><strong>DAX<\/strong>: Closed for the day<\/li>\n<\/ul>\n\n\n\n<p>Most European markets will close early on Tuesday and remain shut on Wednesday for the Christmas holiday.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Key Market Highlights<\/strong><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>ECB Rate Outlook: More Cuts Expected in 2025<\/strong><\/h4>\n\n\n\n<p>The European Central Bank (ECB) has hinted at further interest rate cuts next year following its fourth rate reduction in 2024.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>ECB President Christine Lagarde<\/strong>: Reiterated that future rate adjustments would depend on data confirming the central bank&#8217;s baseline expectations.<\/li>\n\n\n\n<li><strong>Inflation<\/strong>: Declined to <strong>2.3%<\/strong> in November, and the ECB projects it will stabilize at its <strong>2% target<\/strong> in 2025.<\/li>\n<\/ul>\n\n\n\n<p>Lagarde emphasized the need for continued monetary easing as the eurozone economy grapples with slowing growth, while <strong>Isabel Schnabel<\/strong>, a key hawkish policymaker, supported a gradual path of rate reductions.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Market Performance in 2024<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>DAX<\/strong>: Outperformed, gaining over <strong>18%<\/strong> this year.<\/li>\n\n\n\n<li><strong>FTSE 100<\/strong>: Modest rise of <strong>5%<\/strong>, weighed down by economic challenges.<\/li>\n\n\n\n<li><strong>CAC 40<\/strong>: Dropped <strong>3%<\/strong> amid political instability in France.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Corporate Developments<\/strong><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Vistry Group (LON:VTYV)<\/strong>:\n<ul class=\"wp-block-list\">\n<li>Revised its <strong>FY24 adjusted profit before tax<\/strong> forecast to <strong>\u00a3250 million<\/strong>, down from <strong>\u00a3300 million<\/strong>, citing market challenges.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Kooth (LON:KOO)<\/strong>:\n<ul class=\"wp-block-list\">\n<li>Secured a <strong>$1.45 million contract<\/strong> with the State of New Jersey to provide mental health support for <strong>50,000 students aged 13-18<\/strong> through its Soluna platform.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Outlook<\/strong><\/h3>\n\n\n\n<p>While trading is expected to remain subdued due to the holidays, the ECB&#8217;s dovish stance could provide some support for equity markets. Investors will also monitor corporate earnings updates and inflation data for clearer direction heading into 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stock markets edged slightly higher on Tuesday as trading volumes remained muted due to the holiday season. FTSE 100: Up 0.3% CAC 40: Increased 0.4% DAX: Closed for the day Most European markets will close early on Tuesday and remain shut on Wednesday for the Christmas holiday. Key Market Highlights ECB Rate Outlook: More &hellip;<\/p>\n","protected":false},"author":9,"featured_media":105788,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7211,6877,6928,6882],"class_list":["post-109855","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-currencies","tag-dollar","tag-euro","tag-forex"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/109855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=109855"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/109855\/revisions"}],"predecessor-version":[{"id":109857,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/109855\/revisions\/109857"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/105788"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=109855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=109855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=109855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}