European equity futures are mostly higher on Thursday, the first trading day of the year, with 2024's key themes still intact.
One of those key market themes was the re-election of Donald Trump and investors remain focused on the U.S. President-elect's inauguration on Jan. 20, given his election campaign promises that included imposing U.S. import tariffs.
"The markets seem to be opening the new year calmly, but it remains to be seen how long investors will keep their nerves under control, not least given the uncertain political situation," writes SEB strategist Olle Holmgren.
For now, Euro STOXX 50 futures STXEc1 are up 0.7%. Futures on the DAX FDXc1, CAC FCEc1 and FTSE FFIc1 are all up about 0.1%.
Corporate news is unsurprisingly light.
Switzerland's Swisscom SCMN.S revised down its earnings outlook after completing its 8 billion euro acquisition of Vodafone Italia from Vodafone VOD.L.