European stock markets rose Tuesday, starting the new year on a positive note ahead of the release of key regional manufacturing activity data.
At 03:05 ET (08:05 GMT), the DAX index in Germany traded 0.7% higher, the CAC 40 in France traded up 0.6% and the FTSE 100 in the U.K. rose 0.4%.
PMI data could point to rate cuts
European equities have started the new year with the same positive outlook as they ended the last, driven by expectations that 2024 will mark the start of a global easing cycle.
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