European shares edge lower
STOXX 600 down 0.3%
Moody's downgrades France
Vivendi units list across Europe
Wall ST futures edge up
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EUROPEAN SHARES EDGE LOWER
Major European equity markets were mostly lower on Monday, with key central bank decisions due later in the week, the last full week of trading in 2024.
The main focus for markets remains the Federal Reserve, which is expected to lower rates on Wednesday, but policymakers could signal a pause in the easing cycle in early 2025, as growth remains robust and inflation is hovering above the 2% target.
For now, the STOXX 600 is down about 0.3%, on track for its third straight down-day. Food and beverages .SX3P and autos .SXAP stocks are laggards, while banks .SX7P and healthcare .SXDP lead.
France's CAC 40 .FCHI underperforms, down almost 0.7%. Moody's downgraded its sovereign rating late on Friday.
In corporate news, focus is on Vivendi VIV.PA after the French media conglomerate spun off units across the continent. Canal+ launched in London, Havas listed in France and Louis Hachette begun trading in Amsterdam on Monday, after plans to list the units were approved by shareholders on Dec. 9.
Shares in Entain ENT.L slipped after Australia's financial crime watchdog launched legal proceedings against a local unit of the Ladbrokes owner, alleging breaches of anti-money laundering and counter-terrorism financing laws.
Here's your opening snapshot:
(Samuel Indyk)
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MONDAY'S OTHER LIVE MARKETS POSTS:
EUROPE BEFORE THE BELL: FUTURES SOFT AT START OF CENTRAL BANK HEAVY WEEK CLICK HERE
CHINESE CONSUMERS SHUT UP SHOP CLICK HERE
European shares mostly lower https://reut.rs/41ESwJd
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