Squawk Box Europe Express

The S&P 500 snaps a 7-day winning streak after the Federal Reserve’s PCE Index ticks upwards to 2.3 per cent. ECB President Christine Lagarde urges the EU to engage with U.S. President-elect Donald Trump on tariffs rather than risk a stand-off and retaliation. Germany’s Uniper hikes its FY guidance after having settled a number of legal cases which has allowed the energy giant to release provisions. In insurance news, Direct Line rejects a potential £3.3bn takeover from rival Aviva saying it had “substantially undervalued” the company.   See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.