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Dec 11 Reuters European shares were lacklustre at the start of an eventheavy week as investors buckled up for key U.S. inflation print and interest rate decisions from major global central banks, while weakness in metal prices knocked down miners.
The panEuropean STOXX 600 was flat, as of 0910 GMT, after climbing to its highest level since February 2022 on Friday.
The index advanced 11.1 so far this year, mainly boosted by bets of interest rate cuts on evidence of slowing inflation and a likely shallow recession in the euro zone economy.
The STOXX 600 has slightly underperformed its U.S. peer SP 50039;s nearly 20 jump, with Wall Street benefiting from an investor rush for artificial intelligence stocks.
We39;ve certainly had an extraordinary sort of early Santa rally and probably the biggest fundamental driver of that has been this dramatic fall in global bond yields, said Ben Laidler, global markets strategist at investing platform eToro.
In an evaluation for the market39;s growing speculation of monetary policy easing globally are crucial U.S. inflation reports and interest rate decisions from the Federal Reserve, the Bank of England and European Central Bank through this week.
The challenge for this week is if you39;re going to get a central bank fight back against this dramatic market repricing…