Overall conviction is lacking amid thin holiday trading conditions and a lack of market-moving news flow.
A survey conducted by KPMG indicates that two-thirds of UK consumers plan to reduce discretionary spending in 2023 because of rising costs, according to The Guardian.
On a better note, CNBC reports that natural gas prices in Europe have fallen back to levels seen before Russia invaded Ukraine in February.
Eurozone’s November M3 Money Supply +4.8% yr/yr (expected +5.0%; last +5.1%)
Spain’s November Retail Sales -0.6% yr/yr (last +1.0%)