European equity markets are anticipated to open unchanged on Tuesday, reflecting the cautious sentiment observed in the previous session as market activity slows with the approach of holidays. Investors are carefully evaluating ongoing discussions about technology sector valuations against a backdrop of escalating geopolitical risks. In recent developments, hostilities between Russia and Ukraine have intensified, following the Kremlin’s announcement that peace talks over the weekend failed to yield substantive progress.
Economic data shows EU passenger car registrations rose by 2.1% year-on-year in November, succeeding a 5.8% increase in October. Key economic figures awaited include Germany's import prices for November and Spain's final GDP figures for the third quarter. Additionally, market participants are anticipating earnings updates from Germany's Hornbach-Baumarkt and the UK's Residential Secure Income PLC. In pre-market activities, futures for Euro Stoxx 50 and Stoxx 600 remained relatively stable.
