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European Shares Fall As Chinese Markets Extend Losses

A trader works amid Christmas decorations on the floor at the New York Stock Exchange in New York's Financial District Thursday, Jan. 2, 2025. (AP Photo/Seth Wenig)

European shares experienced a decline on Friday following a mixed trading session in Asia, with mainland Chinese markets continuing their losses for the first week of the new year. Germany's DAX dropped by 0.3% to 19,967.34, while the CAC 40 in Paris lost 0.7% to 7,345.59. Britain's FTSE 100 also edged 0.1% lower to 8,256.98.

Meanwhile, the future for the S&P 500 rose by 0.4%, and the Dow Jones Industrial Average saw a 0.3% increase. Japan's market remained closed for the New Year holiday, while the dollar traded at 157.24 Japanese yen, slightly down from 157.51 yen.

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