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European stock markets flat and subdued ahead of Christmas

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European stock markets flat and subdued ahead of Christmas via IrishTimesBiz

London markets struggled to find direction as they headed into the holiday weekend, while strong US economic data fanned fears of interest rates staying higher for longer. The export-oriented FTSE 100 closed flat after a half day, while the domestically-oriented FTSE 250 added 0.4 per cent.

Meanwhile, data showed UK car production rose 5.7 per cent in November, but remained below pre-pandemic levels as global chip shortages and supply-chain issues continued to hurt the sector.

 

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