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European Bourses Mixed Midday Monday as Trading Activity Slows Over Holiday Week
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European Bourses Mixed Midday Monday as Trading Activity Slows Over Holiday Week
Dec 23, 2024 4:16 AM

06:50 AM EST, 12/23/2024 (MT Newswires) -- European markets were mixed midday Monday, as the shorter holiday week subdue trading activity.

Most Asian bourses and Wall Street futures were gearing up for recoveries from last week's losses.

In other regional news, final data from the Office for National Statistics showed that the UK's quarterly gross domestic product was unchanged in the three months to September, after expanding in the last two quarters.

Moving forward, the Bank of England warned of weaker-than-expected growth at the end of 2024 as it slashed its Q4 GDP growth forecast to zero from 0.3% previously.

The pan-continental Stoxx Europe 600 Index was 0.3% higher.

The Stoxx Europe 600 Technology Index was fell by 0.4%, and the Stoxx 600 Banks Index was up 0.1%.

The Stoxx Europe 600 Oil and Gas Index was up 0.1%, while the Stoxx 600 Europe Food and Beverage Index was down 0.5%.

The REITE, a European REIT index, fell by 0.3%, and the Stoxx Europe 600 Retail Index also fell by 0.3%.

On the national market indexes, Germany's DAX was down 0.1%, and the FTSE 100 in London was up 0.1%. The CAC 40 in Paris was inactive, and Spain's IBEX 35 was 0.1% lower.

Yields on benchmark 10-year German bonds were higher at 2.3%. Front-month North Sea Brent crude-oil futures were down 0.4% to $72.68 per barrel.

The Euro Stoxx 50 volatility index was up 1.2% to 17.03. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.

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