European equities kick off the first trading day of the new year on a positive note, with the FTSE 100 breaking past 10,000 points for the first time. U.K. house prices unexpectedly fell in December according to data from Nationwide, which is the weakest growth since April 2024. And, we discuss the outlook for the Federal Reserve in 2026, with a new chair, further questions over its independence and an AI boom all in its in-tray.

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