The STOXX 50 and STOXX 600 ticked up 0.2% on Monday as traders geared up for the inauguration of U.S. President-elect Donald Trump later in the day.
European stocks rise ahead of Trump, Davos
Investors closely monitor Trump's upcoming speech for policy clues, particularly regarding trade and potential executive orders concerning tariffs. The event is expected to set the tone for market sentiment soon.
In addition to political developments, attention is also turning toward the World Economic Forum, which kicks off in Davos, Switzerland. The forum will bring key discussions on global economic trends and geopolitical issues.
On the economic data front, Germany's Producer Price Index (PPI) registered a 0.8% year-over-year increase in December. This marks the sharpest annual gain in producer prices since June 2023, underscoring potential inflationary pressures in Europe’s largest economy.
LVMH, ASML up; SAP, Linde down
Among notable stock movements, luxury goods giant LVMH rose 0.6%, chip equipment maker ASML Holding gained 0.7%, and industrial heavyweight Siemens added 0.6%. Conversely, SAP dipped 0.2%, and Linde edged lower by 0.1%, reflecting mixed performances across key sectors.
