Stocks, economic data, business news

European markets are set to open in mixed territory on Monday, in what will be the region’s final full trading session of the year.

of London FTSE 100 The index opens 10 points lower at 8,127, according to IG, while the French index CAC 40 it is expected to add 67 points to open at 7,350. of Germany DAX is expected to open 34 points lower at 19,949, IG data shows.

Trading is expected to be muted in Europe on Monday as markets prepare to unwind for the New Year holiday.

During the weekend, Robert Holzmann, member of the Governing Council of the European Central Bank he told the Austrian newspaper Kurier that the institution could slow down its rate-cutting campaign thanks to sticky inflation.

“I don’t see any rise in interest rates at the moment,” he said. “What could happen, however, is that one takes more time until the next interest cut.”

His comments came as Italian lawmakers He passed his government’s 2025 budgetwhich aims to bring the country’s fiscal deficit closer to 3% to comply with EU rules.

In an interview published on Saturday, the new finance minister of France, Eric Lombard, told the press The Sunday Tribune The country’s upcoming budget project for 2025 aims for a deficit of just over 5%, according to a translation from the Reuters news agency.

On the economic data front, Spain will publish its latest inflation numbers on Monday and Turkey will update its economic confidence index.

night in asia, the stocks were mixed as Investor monitored political turmoil in South Korea, as well as industrial data outside the country. Japan also released economic data earlier this week that showed the contraction in its factory activity slowed this month.

Shares of Korean airlines fell the following Monday Jeju Air plane crash which killed 179 people a day earlier, with Jeju Air’s share price hitting an all-time low.

— CNBC’s Lee Ying Shan and Reuters contributed to this roundup of European markets.