Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Europe midday: Weak Sentix survey, Syria weigh on Stoxx

(Sharecast News) - European shares pared gains on Monday as traders assessed the potential fallout from the collapse of Syrian dictator Bashar al-Assad's regime, while a weak eurozone investor survey also dented confidence. The pan-regional Stoxx 600 index was up 0.06% to 520.70. Investors are also eyeing a European Central Bank policy meeting later this week where the expectation is for another 25 basis point rate cut.

Assad's fall and subsequent flight to Russia after decades oppressing and torturing opponents aided by Russia and Iran was welcomed by many in the West, but analysts fear a power vacuum could pose a serious threat to stability in the region as rival factions battle for power.

In economic news, investor confidence in the eurozone weakened to its lowest level in 13 months in December, according to Sentix, on the back of gloomy economic data from Germany and political turmoil in France.

The Sentix overall economic index, which surveys thousands of institutional and retail investors each month, fell to -17.5, down from -12.8 in November, a level not seen since November 2023.

Elsewhere, China's leadership committed to "more proactive" fiscal measures and a moderately looser monetary policy for 2025 as inflation fell to its lowest level in five months indicating that recent stimulus measures from the government had failed to boost demand in the world's second-biggest economy.

The consumer price index rose 0.2% last month year-on-year, according to data from the National Bureau of Statistics published on Monday, below the 0.3% increase in October and expectations of a 0.5% rise.

In equity news, shares in HelloFresh slumped on news that the US Department of Labor had launched an investigation into allegations that German meal-kit provider employed migrant children at a factory in Aurora, Illinois.

The claims suggest that at least six teenagers from Guatemala were working night shifts in cooking and packaging roles.

Reporting by Frank Prenesti for Sharecast.com

Share this article

Related Sharecast Articles

London close: Stocks finish choppy week in the black
(Sharecast News) - London equities ended the week higher on Friday, supported by gains in pharmaceutical and energy stocks.
Europe close: Stocks rise, notch fifth week of gains
(Sharecast News) - European stocks pushed higher on Friday, registering their fifth consecutive week of gains, with decent gains in the luxury sector providing a boost after Richemont beat market forecasts.
FTSE 250 movers: Workspace slumps; Premier Foods on the menu
(Sharecast News) - FTSE 250 (MCX) 20,936.42 0.44%
FTSE 100 movers: St James's Place boosted by JPM note; Fresnillo falls
(Sharecast News) - London's FTSE 100 was up 0.5% at 8,673 in afternoon trade on Friday.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.