European Stocks Mixed as Recession Fears Persist

Autos stocks led losses, down 1.24% as they extended Thursday's decline, while travel and leisure stocks shed 1.3%. One of the few sectors to rise was financial services stocks, which were last 0.67% higher. The stock was last up 4.5%. was down 3.16% after the Italian carmaker reported a 45.7% reduction in car production in 2024 — its lowest output since 1956, according to Reuters news agency.

The pan-European benchmark had closed higher on Thursday after a volatile first trading session of the year. Investors weighed regional and global political uncertainty that could affect markets and the economy, including political instability in France, upcoming elections in Germany and potential tariffs under U.S. President-elect Donald Trump.fell to 44.38% on an annual basis in December, down from 47.09% in November. Economists had expected inflation to fall to 45.2%, according to a Reuters poll.of the Polish consumer price index reflected a 4.8% increase in December on an annual basis, also below a Reuters forecast.said the number of unemployed people increased by 33,000 to 2.807 million in December compared to the previous month. The unemployment rate edged 0.1% higher to 6%, the agency added

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