European stocks open the last trading session of the week mixed.

The European stock market opened higher for most European stock indices following the decisions of the Bank of England and the US Federal Reserve to cut interest rates by 25 basis points, which provided some support to certain stocks, amid significant gains on Wall Street yesterday.

This comes as investors continue to monitor the potential effects of political turmoil in Germany after Chancellor Olaf Scholz dismissed Finance Minister Christian Lindner on Wednesday evening and appointed his successor on Thursday, alongside Donald Trump's victory in this week's presidential elections.

Yesterday's decisions, which brought a dramatic end to the country's three-party coalition government, raised the possibility of an immediate vote of no confidence and new elections, as German Chancellor Olaf Scholz stated that he does not wish to call for a confidence vote before mid-January.

Regarding trading, the performance of European stock indices was as follows:

• The Eurostoxx 600 index rose by 0.2% before erasing those gains and settling in the red zone.
• The German DAX index increased by 0.1% before turning to marginal losses of 0.1%.
• The French CAC 40 index opened up by about 0.2% but then turned to losses of about 0.26% after erasing gains.
• The British FTSE 100 index gained 0.1% in the session before turning to losses of 0.1%.