Federal Reserve Outlook, Ukraine-Russia Talks Cap European Bourses Midday

BY MT Newswires | ECONOMIC | 11/24/25 06:50 AM EST

06:50 AM EST, 11/24/2025 (MT Newswires) -- European bourses were largely muted midday Monday, as traders weighed the odds of a US Federal Reserve rate cut in December, and mulled Russia-Ukraine peace talks.

Investors also eyed Wall Street futures modestly flashing green, and unevenly higher closes overnight on Asian exchanges, as tech-sector shares firmed.

In economic news, Germany's Business Climate Index logged at 88.1 in November, down from 88.4 last month, and falling further below the 100-mark that separates optimism from pessimism, reported the Institute for Economic Research (Ifo). The Expectations Index fell to 90.6 this month from 91.6 in October.

The pan-continental Stoxx Europe 600 Index was down 0.2% mid-session.

The Stoxx Europe 600 Technology Index was up 0.6%, and the Stoxx 600 Banks Index gained 0.3%.

The Stoxx Europe 600 Oil and Gas Index eased 0.1%, while the Stoxx 600 Europe Food and Beverage Index lost 0.3%.

The REITE, a European REIT index, fell 0.4%, while the Stoxx Europe 600 Retail Index was down 0.4%.

On the national market indexes, Germany's DAX was up 0.4%, and the FTSE 100 in London gained 0.1%. The CAC 40 in Paris was off 0.2%, and Spain's IBEX 35 lifted 0.7%.

Yields on benchmark 10-year German bonds were lower, near 2.69%.

Front-month North Sea Brent crude-oil futures were down 0.3% at $62.4 a barrel.

The Euro Stoxx 50 volatility index was down 4.5% at 23.71, but indicating above-average volatility for European stock markets in the next 30 days, a negative signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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