LONDON – European stock markets ended slightly negative on Tuesday as global investors awaited the U.S. Federal Reserve’s monetary policy update.
pan-european Stocks 600 The stock ended Tuesday trading 0.04% lower, just below the flatline.
Owns shares in Ray-Ban manufacturer EssilorLuxottica, Meta The company’s smart glasses closed 5.7% lower following Google’s announcement that it will launch its first AI-powered glasses in 2026 to enter the heating consumer market for wearable AI devices.
Meanwhile, the Federal Reserve is widely expected to cut its key interest rate at its final meeting of the year. Money markets are currently pricing in an 87% chance that the central bank will cut interest rates by a quarter of a percentage point when it concludes its two-day meeting on December 10, according to CME’s FedWatch tool. U.S. stock indexes rose slightly on Tuesday morning.
The move will have implications for Europe’s central banks, with the Swiss National Bank set to issue its own policy update on Thursday. The Bank of England and the European Central Bank will follow suit on December 18, with Norway’s Norgesbank and Sweden’s Riksbank also expected to announce interest rate decisions on the same day.
In business news, the European Union announced Tuesday that it has struck a deal to “simplify” corporate sustainability laws. Under the updated system, most companies in the EU will be exempted from complying with sustainability reports.
“Today, we delivered on our promise to remove burdens and rules and make the EU more competitive,” Danish European Affairs Minister Marie Bjerre said in a statement. “This is an important step towards our common goal of creating a more favorable business environment to support companies’ growth and innovation.”
Investors are also digesting comments from US President Donald Trump, who said on Monday that the US would allow. Nvidia If the U.S. receives 25% of the revenue, it will ship the H200 AI chips to “authorized customers” in China.
Deutsche Bank also downgraded major automakers. volvo On Tuesday, they changed their investment rating from “buy” to “hold” and lowered the company’s price target by 1.8%. The company’s stock ended the day down 2.1%.
Deutsche Bank also lowered its price target. daimler truck Increased by 4.7%.
“This year’s significant contraction in the U.S. market has once again tested the resilience of truck manufacturers,” strategists at the investment bank said in a note. “Given differing market forecasts for next year, we expect the U.S. to remain a key competitive battleground.”
European wind power stocks also rose after a U.S. judge rejected President Donald Trump’s ban on new wind power projects in the United States. Vestas shares fell 0.4% and Orsted closed 0.3% lower.
President Trump has targeted the wind energy industry since his first day in office, when he banned new leases for offshore wind farms. In September, a federal judge allowed Orsted to resume construction on the Revolution Wind project off the coast of New England, which President Trump had halted even though it was largely complete.
Magnum Ice Cream Co. listed on the Amsterdam Stock Exchange on Monday, completing its spin-off from the consumer goods giant. unilever. The stock ended Tuesday down 3.7%.
Also released on Tuesday were data on German exports, Dutch inflation and British retail sales.
