European shares waver, dollar firms ahead of central bank meetings
bank meetings this week that is likely to see the U.S. Federal Reserve deliver a rate cut and the Bank of Japan stand pat for now.
The pan-continental STOXX 600 was down 0.5%, to a two-week low. Germany's DAX, France's CAC 40 and Britain's FTSE 100 were lower by between 0.1% and 0.7%.
«There's not that much to hang your hat on in Europe,» said Lars Skovgaard, senior investment strategist at Danske Bank, citing recent poor economic data.
«Santa Claus is definitely coming with a gift for U.S. equity investors but it seems to be that he's riding over the sky in Europe, at least for now.»
U.S. equity markets have powered ahead of European markets this year, with the Nasdaq notching another record close on Monday. The S&P 500 is up 27% in 2024, compared to the STOXX 600's 7% rise.
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