European Stocks Decline Amid Holzmann’s Comments and Rate Cut Delay

European stock indices opened Monday’s session with collective declines,
influenced by remarks from European Central Bank (ECB) member Robert Holzmann,
who hinted at a potential delay in interest rate cuts due to ongoing inflationary pressures.
This comes during the final full trading session for the Eurozone this year as European markets prepare for the New Year holiday.

Content

Indices
Euro

Indices

The Euro Stoxx 600 Index fell 0.24% to 505.97 points.
France’s CAC 40 Index declined 0.08% to 7,350.07 points,
while Germany’s DAX Index dropped 0.14% to 19,955.59 points.
In the UK, the FTSE 100 Index slid 0.28% to 8,127.03 points.

On the other hand, Italy’s FTSE MIB Index rose 0.1% to 34,204.28 points,
and Spain’s IBEX 35 Index edged up 0.21% to 11,155.60 points.

Euro

Holzmann stated that the ECB might need more time before reducing interest rates,
citing rising energy prices and a weakening euro as factors that could intensify inflationary pressures.
He also mentioned that former U.S. President Donald Trump’s tariff policies could contribute
to slower economic growth in the Eurozone, potentially further accelerating inflation.

His comments followed a Eurostat report revealing a resurgence in inflation within the Eurozone.
The overall inflation rate rose to 2.3% year-on-year in November, up from 2.0% in October,
highlighting the persistent economic challenges in the region.

European Stocks Decline Amid Holzmann’s Comments and Rate Cut Delay

European Stocks Decline Amid Holzmann&#8217;s Comments and Rate Cut Delay

Related Topics

European Stocks Decline Amid Holzmann’s Comments and Rate Cut Delay