Live Updates > Live Update Details
2025-12-17 16:24:17
[European Stocks Open Slightly Higher, UK Stocks Lead Gains] ⑴ Major European stock indices opened slightly higher. The Stoxx Europe 500 rose 0.2%, the German DAX rose 0.2%, the French CAC40 rose 0.1%, the UK FTSE 100 rose 0.8%, the Spanish IBEX 500 rose 0.4%, and the Italian FTSE MIB 500 rose 0.4%. ⑵ Overall market sentiment was relatively calm, and US stock index futures also rose slightly so far. S&P 500 futures rose 0.1%, as investor sentiment stabilized after an overnight rebound in tech stocks. Wall Street closed mixed, with the S&P 500 down 0.2%, the Nasdaq up 0.2%, and the Dow Jones down 0.6%. ⑶ This keeps investors cautious in this volatile market. The US labor market report did not cause much of a stir, and market attention has now turned to tomorrow's US Consumer Price Index report and the interest rate decisions of major central banks later this week. Regarding central banks, the European Central Bank and the Bank of England will announce their decisions tomorrow, while the Bank of Japan will announce its decision on Friday. (4) Regarding the opening of European markets today, the UK stock market performed strongly after the release of a weak Consumer Price Index report this morning. This reinforced market expectations that the Bank of England will cut interest rates next year. Current market pricing indicates that the next rate cut is expected in April 2026, following this week's cut, compared to a pre-data release expectation of July 2026. (5) However, looking at the overall outlook, traders currently still expect a cumulative rate cut of approximately 69 basis points, not significantly different from the previous estimate of 68 basis points.
