European markets opened lower on Friday as investors focused on political turmoil in the United States and monetary policy decisions in major economies.
IG data shows that the FTSE 100 index is expected to open down 110 points to 8,088 points, of which Germany’s DAX index will fall about 400 points to 19,835 points, and France’s CAC 40 index is expected to fall 140 points to 7,244 points.
America plunges into new political uncertainty Thursday nightPassage of the bill would prevent a government shutdown after a Trump-backed spending bill failed. Dozens of Republican lawmakers voted against the deal to fund the government for three months and suspend the U.S. debt ceiling for two years, meaning a partial government shutdown will begin Friday night.
Elsewhere, China Key rates kept steady on Fridayin line with expectations. The move came in the same month that senior officials in Beijing vowed to step up policy easing measures.
The latest developments from the People’s Bank of China come in the same week as monetary policy updates from the Federal Reserve and Bank of England. On Wednesday, the Fed Announcing a 25 basis point interest rate cut its core interest rate, while the Bank of England kept policy unchanged at its meeting on Thursday.
Although the Bank of England’s decision was widely expected, Voting results divided and Governor Andrew Bailey. Comment The impact of the newly elected Labor government’s budget on the economy has unnerved markets, triggering a fall in the pound and higher UK 10-year gilt yields.
Russian policymakers will update their monetary policy on Friday.
UK retail sales in November, France’s November producer price index, and the current status of Italian consumer confidence will also be announced on Friday.
—CNBC’s Christina Wilkie, Sonia Heng and Anniek Bao contributed to the European market summary.
