European Markets Open Lower on Last Full Trading Day of 2024

As the European markets opened on the final full trading day of 2024, a downward trend was observed across major indices. This movement came as Spain's inflation rate for December was reported to have risen to 2.8%, indicating ongoing economic pressures.

Market Movements at a Glance

At 9:02 am CET, the DAX index experienced a 0.31% decrease, with Siemens Energy's shares dropping by 2.03%. Shortly after, the CAC 40 fell by 0.38%, and Vivendi saw a decrease of 0.91%. Concurrently, the FTSE 100 declined by 0.39%, with Halma's shares falling by 1.18%. By 9:04 am CET, the pan-European Euro Stoxx 50 had edged down by 0.40%, with Ferrari leading the losses at a 0.89% decrease.

Currency Stability Amid Market Fluctuations

At 8:58 am CET, the euro and the British pound remained stable against the dollar, trading at $1.04237 and $1.25753, respectively, showcasing a moment of steadiness amidst the day's market fluctuations.