European stocks weakened at the opening bell on Monday (December 8th) as global investors focused on this week's US Federal Reserve monetary policy decision. The pan-European Stoxx 600 was last seen below the flatline. The Fed is widely expected to cut its benchmark interest rate at its final meeting of the year, with traders pricing in about an 87% chance of a 25 basis point cut on Wednesday when the central bank concludes its two-day meeting, according to the CME FedWatch tool. The Fed's decision will serve as a benchmark for other central banks, which will hold their final policy...
The Hang Seng Index plunged 320 points, or 1.2%, to close at 25,765 on Monday (December 8), reversing gains from the previous two sessions as most sectors weakened, particularly the financial, property, and consumer staples sectors. Deflationary risks persist ahead of the November CPI and PPI data in mainland China later this week. Investors are also growing nervous ahead of the likely Politburo meeting and the annual Central Economic Work Conference in China, as they seek guidance on policy direction for 2026. However, the weakness was partially offset by regulatory easing in China, with...
European stocks closed slightly lower on Monday as global investors focused on the U.S. Federal Reserve's monetary policy decision this week. The pan-European Stoxx 600 provisionally ended the session 0.07% lower, with major regional bourses and sectors mixed, at closed at 4:30 p.m. in London (11:30 a.m. ET). The Fed is widely expected to cut its key interest rate at its final meeting of the year, with traders pricing in around an 87% chance of a 25-basis-point cut this Wednesday when the central bank concludes its two-day meeting, according to the CME FedWatch tool. The Fed's decision...