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European markets are expected to open unchanged on New Year’s Eve Tuesday.
of London FTSE 100 The index is expected to open 20 points lower to 8100 and France CAC 40 seen opening 5 pips lower at 7309. Both exchanges close early today.
The markets of Germany and Italy are closed for the whole day. All European markets will be closed on New Year’s Day before reopening on January 2.
European markets closed Monday after the last full trading session of the year, but regional stocks look set to end the year with moderate gains. The Stoxx 600 is up about 5.5% this year, though that’s well behind the U.S S&P 500 an index that increased by about 25% during 2024.
Traders will again monitor the company’s New York-listed shares Boeing after one of their planes suffered a fatal crash in South Korea on Sunday.
Boeing shares decreased by about 2.2% on Monday. South Korean authorities are gathering conduct an investigation in the disaster that killed 179 people to determine its exact cause.
Boeing 737-800, the model involved in the crashis one of the most frequently used aircraft in the world and has a high safety record.
US Stock Futures were slightly lower ahead of the final trading session of 2024 after another booming year for Wall Street. Asia-Pacific markets fell sharply as output growth in China failed to meet expectations. However, the country’s benchmark CSI 300 was on track to close the year higher, ending three years of losses.
— CNBC’s Chloe Taylor contributed to this market report.
