European markets are expected to open flat on Tuesday ahead of the New Year holidays.
London FTSE 100 the index is expected to open 20 points lower at 8,100 and the French CAC 40 it is seen opening 5 points lower at 7,309. Both stock exchanges will close early today.
Markets in Germany and Italy are closed all day. All European markets will be closed on New Year’s Day before reopening on January 2.
European markets closed lower on Monday after the last full session of the year, but regional stocks look set to round out the year with moderate gains. The Stoxx 600 is up about 5.5% this year, although that is far behind the US S&P 500 index, which gained about 25% during 2024.
Traders will once again keep an eye on New York-listed stocks Boeing after one of its planes was involved in a fatal crash in South Korea on Sunday.
Boeing shares fell about 2.2% on Monday. The South Korean authorities are ready conduct an investigation in the accident, in which 179 people died, in an effort to determine its exact cause.
Boeing 737-800, the model involved in the accidentit is one of the most widely used aircraft in the world and has a strong safety record.
US stock futures they were slightly lower ahead of the last trading session in 2024, after another successful year for Wall Street. Asia-Pacific markets fell overnight as Chinese manufacturing growth fell short of expectations. The national benchmark CSI 300 was still on track to end the year higher, ending three years of losses.
— CNBC’s Chloe Taylor contributed to this market report.
