Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
Europe open: Shares flat ahead of central bank meetings; China data weighs
(Sharecast News) - European stocks were flat at the opening session of the week as investors turned their attention to central bank meetings this week for further clues on the future path of interest rates. The pan-regional Stoxx 600 index had barely moved the needle in early deals, with most major bourses in the red. The US Federal Reserve, European Central Bank and Bank of England all publish rate decisions this week.
Sentiment was also tempered by data released over the weekend showing China was moving deeper into deflationary territory as consumer prices fell 0.5% year on year in November, with food prices slumping and core inflation unmoved.
"With global growth expected to slow further in 2024, there will be little support coming from overseas, while the property market's woes keep consumer confidence subdued. The clamour for a big bazooka of stimulus is growing to restore vigour to the economy," said Hargreaves Lansdown analysts Susannah Streeter.
"Authorities also have their eye on debt laden local authorities which pose another risk to financial stability. Hopes are being focused on the Central Economic Work Conference later this month for more medicine to try and put the economy on the road to better health.''
In equity news, Syensqo shares jumped in early trade on the specialty chemicals firm's first day of trading since its spin-off from Belgian multinational Solvay.
German renewable energy company Encavis fell 5% after Morgan Stanley cut the stock to underweight from equal-weight.
Reporting by Frank Prenesti for Sharecast.com
Share this article
Related Sharecast Articles
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.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Doing Business with Fidelity | Diversity, Equity & Inclusion Reports | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Security | Statutory and Regulatory disclosures | Whistleblowing policy
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.