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European markets open lower ahead of holiday
Monday, 23 December 2024 15:23 WIB | MARKET UPDATE |

European markets opened lower on Monday as a holiday-shortened trading week kicks off ahead of Christmas.

The U.K.'s FTSE 100 is expected to open 8 points higher at 8,098, Germany's DAX is up 12 points at 19,919, France's CAC is up 7 points at 7,291 and Italy's FTSE MIB is up 76 points at 34,031, according to data from IG.

Trading is expected to be relatively quiet ahead of Christmas, with European markets set to be closed, or close early, for Christmas Eve and remain closed on Christmas Day.

Overnight, Asia-Pacific markets started the week on a positive note, with investors awaiting the official announcement regarding the merger of Japanese automakers Honda and Nissan.

Sentiment in Asia improved following weaker-than-expected inflation data that helped lift U.S. markets on Friday. U.S. stock futures edged higher in overnight trading on Sunday.

Source: CNBC

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