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European Stocks Set for Moderate Gains as Year Ends

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STOCK MARKET,EUROPE,YEAR-END PERFORMANCE

European markets opened lower before rebounding to trade higher, with all sectors showing positive performance. Despite a dip on Monday, regional stocks are projected to finish the year with moderate gains, led by the German market. The FTSE 100 has risen 4.75% year-to-date, while Germany's benchmark has surged almost 19%. The CAC 40 in France has lagged, declining over 3% due to political uncertainty. The Stoxx 600 is up around 5.5% for the year, with banks, telecoms, and financial services leading the way.

index opened a touch lower before reversing course to trade 0.27% higher by mid-morning. All sectors were in positive territory.Markets in Germany, Switzerland and Italy are shut today. All European markets will be closed on New Year's Day before reopening on Jan. 2.European markets closed lower on Monday after the final full trading session of the year, but regional stocks look set to round out the year with moderate gains; the FTSE 100 is up 4.

Food and beverage, autos and basic resources have been the worst performing sectors, all down around 12% over the course of 2024.fell overnight as China's manufacturing growth missed expectations. The country's benchmark CSI 300 was nonetheless on course to close the year higher, ending three years of losses.

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