The FTSE 100 opened higher on Monday despite a mixed sentiment in global markets. Investors are cautiously optimistic ahead of the key December jobs report in the US, which will provide crucial insights into the direction of the Federal Reserve's monetary policy. Meanwhile, cryptocurrencies are facing pressure after a recent surge in value.
The FTSE 100 is up 113 points at 34,308, according to data from IG. There are no key earnings or data releases in Europe Monday. European markets closed lower last week after a rocky start to 2025 for stocks around the world, and the mixed sentiment could continue this week as traders look for more clues on where the global economy is headed.
Investors looked ahead to the December jobs report on Friday; the data will be one of the last key pieces of data before the Federal Reserve's meeting at the end of the month. The U.S. trading week will be shorter this week, with the New York Stock Exchange closed Thursday to mourn the death of former President Jimmy Carter. Crypto under pressure after bitcoin and ether post best weeks since Dec. 6 Bitcoin and ether are coming off their best weeks since Dec. 6, after they turned in their first positive weeks in four on Friday. They each gained about 4% for the week. On Sunday night they were lower by less than 1% each, according to Coin Metrics. Solana had its best week since November 22nd, notching a more than 4% weekly gain. It traded lower by 1.25% Sunday night. CNBC Pro: From EVs to beauty: Strategist names four stocks to buy in 2025 The outlook for equity markets this year looks uncertain, with one market strategist describing the new year as'stepping into a house of cards.' 'The stock market may fluctuate in 2025, but significant opportunities will arise for those focused on individual stock picks,' Michele Schneider, chief market strategist at Marketgauge.com, said. Investors head into next week with a cloudy January outlook, looming jobs report.
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