Stocks across the Atlantic were falling on Monday after monthly inflation data from Spain came in above expectations, strengthening the case for the European Central Bank to take a cautious approach to cutting interest rates in 2025. Frankfurt's Dax and London's FTSE 100 were also a touch lower, although Paris's CAC 40 bucked the trend with a 0.1% gain. The moves came after data published on Monday showed Spanish consumer prices rose 2.8% in November compared with a year ago, higher than the 2.6% figure that economists polled by The Wall Street Journal were expecting.