(Reuters) – European stocks were muted in the final trading session of 2024, as uncertainty around the path of monetary policy and political changes halted a rally that had pushed many markets to record highs. maximum earlier this year.
The pan-European was flat at 0821 GMT, and the benchmark was on course for its worst quarterly showing in more than two years.
Trading volumes were thin, with stock exchanges in Germany, Italy and Switzerland already closed, while those in France, Spain and the UK are set for an early close on Tuesday.
High valuations, rising Treasury yields and uncertainties about 2025 contributed to risk-on sentiment in recent sessions on both sides of the Atlantic, but the main US indices have posted strong earnings this year.
Growth of almost 24% in 2024, while the STOXX 600 is only 5.4%, as the European economy slows, the problems of carmakers and political unrest in France weigh on the mood .
German shares have outperformed broader European markets this year with a jump of nearly 19%, while political instability and worries about a widening fiscal deficit weigh on 40, pushing it up 3.1% year-on-year to the date
The UK looked poised for growth of nearly 5% in 2024, its fourth consecutive year of gains.
https://i-invdn-com.investing.com/news/LYNXNPEB6E0GM_L.jpg
2024-12-31 08:35:00
