China preliminary retail car sales -13% Y/Y, via PCA
China's preliminary retail car sales falling by 13% year-on-year highlights significant weakness in consumer demand, which could signal broader economic challenges.
German HCOB Construction PMI (Dec) 50.3 vs. Exp. 47 (Prev. 45.2)
French HCOB Construction PMI (Dec) 43.4 vs. Exp. 44 (Prev. 43.6)
China preliminary retail car sales -13% Y/Y, via PCA
Bluescope (BSL AT) rejects takeover offer by SGH and Steel Dynamics (STLD), Bloomberg reports
European Movers: Thyssenkrupp AG (TKA GY) +3.0%, Leonardo (LDO IM) +2.1%, Siemens (SIE GY) +1.6%, NatWest (NWG LN) -2.4%, Shell (SHEL LN) -2.2%
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This is particularly important for global equities and related sectors, as it may influence market sentiment regarding growth prospects, especially given China's role in the automotive supply chain and consumer goods. Watch for potential spillover effects in commodity prices and currencies tied to Chinese economic health.
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