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Europe Markets: European stocks struggle for direction in first day of post-Christmas trade

European stocks opened little changed Tuesday on the first trading day after Christmas.

The Stoxx Europe 600 SXXP, +0.09% was up 0.2% in early trading, while Asian shares were mixed and U.S. futures steady.

Traders said volume was relatively light with no major data or corporate news expected and with London markets still closed Tuesday for the Christmas holiday.

The Euro Stoxx Banks Index SX7F, -0.32% was down 0.3% amid ongoing concerns about the future of Italy’s ailing lender, Banca Monte dei Paschi di Siena SpA BMPS, -7.48% .

Plans for a government bailout will need to be approved by the European Union to ensure state-aid rules aren’t breached, European Central Bank Governing Council member Jens Weidmann said Monday.

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