End-of-Year Caution Hits European Stocks

As 2024's trading days dwindle, major European stock markets experienced a downturn this Monday, signaling investor caution. With Japan, South Korea, and Germany's markets closed on Tuesday, global trading hours will see variations. Notably, the British FTSE is set to close at 13:30 CET, and the CAC 40 at 14:05 CET.

Market Performances in Detail

The DAX index saw a decrease of 0.59%, with Siemens Health.AG leading the losses at 1.73%. The FTSE 100 wasn't spared, dropping 0.35%, as Fresnillo PLC fell by 2.30%. The EURO STOXX 50 also fell by 0.60%, with Prosus NV experiencing a significant drop of 2.26%. Similarly, the CAC 40 declined by 0.57%, with L'Oreal decreasing by 2.06%.

Currency Movements

In currency markets, the euro was down 0.46% against the dollar, trading at $1.03787 by 5:29 pm CET. The pound sterling also saw a decrease, losing 0.54% against the US dollar, to trade at $1.25125.