European Economic News Preview: German Ifo Business Confidence Data Due

German Business Confidence Weakens In November

German business sentiment softened in November on a notable deterioration in current conditions as economic struggles deepened, survey results from ifo Institute showed on Monday. The business climate index fell to 85.7 in November from 86.5 in the previous month. The score was expected to fall moderately to 86.0. At 84.3, the current situation index dropped to the lowest since July 2020.

RTTNews | 5h 11min ago

European Shares Gain On Rate Cut Hopes

European stocks traded higher at two-week highs on Monday after Donald Trump nominated Scott Bessent, a billionaire hedge fund manager and an advocate for deficit reduction, to lead the U.S. Treasury Department.

RTTNews | 5h 34min ago

FTSE 100 Slightly Higher In Cautious Trade

U.K. stocks were slightly higher on Monday despite an ongoing row about tax rises by chancellor Rachel Reeves.

RTTNews | 5h 51min ago

CAC 40 Gains After Bessent's Appointment As US Treasury Secretary

French stocks traded higher on Monday after Donald Trump nominated Scott Bessent, a billionaire hedge fund manager and an advocate for deficit reduction, to lead the U.S. Treasury Department.

RTTNews | 6h 4min ago

DAX Rises Ahead Of Busy Data Week; Commerzbank Shares Slump 6%

German stocks opened higher on Monday ahead of the release of key inflation readings from the U.S. and Eurozone, U.S. GDP data and the minutes from the last FOMC meeting due this week.

RTTNews | 6h 14min ago

Asian Shares Mostly Higher On Bessent Pick For US Treasury

Most Asian stocks rose on Monday, the dollar dipped, and bond yields declined after U.S. President-elect Donald Trump has chosen wealthy hedge fund manager Scott Bessent to be his Treasury secretary.

RTTNews | 6h 38min ago

China Keeps Medium-Term Lending Facility Rate Unchanged

China's central bank left the rate on medium-term lending facility unchanged on Monday after cutting the rate in September. The People's Bank of China maintained the MLF rate at 2.0 percent. The bank offered CNY 900 billion via one-year policy loans. Following the operation, the outstanding balance of the MLF was CNY 6.239 trillion. Previously, the bank had reduced the rate on MLF by 30 basis.

RTTNews | 7h 18min ago

U.S. Dollar Falls Amid Risk Appetite

The U.S. dollar weakened against other major currencies in the Asian session on Monday amid risk appetite, following the broadly positive cues from Wall Street on Friday, boosted by strong gains in markets in Japan, Indonesia and South Korea as traders remain optimistic about a 25-basis point rate cut by the U.S. Fed in December after data showing consumer sentiment in the U.S. improved less than expected in November.

RTTNews | 7h 51min ago

EURUSD	1.04902	GBPUSD	1.25786	AUDUSD	0.65147
USDJPY	154.408	USDCAD	1.39569	USDCHF	0.88916