FXStreet (Mumbai) - Heading into the final trading day of 2015, the bourses in the UK and Spain are seen posting moderate losses, taking the negative cues from weak US and Asian equities. Most major European markets, including Germany, Switzerland and Italy are closed for New Year’s Eve celebrations, while the other counterparts will have shorter trading hours. The FTSE opened 0.37% lower and now recovers to 6,258, down -0.26%, while the Spanish IBEX 35 kicked off the last session of the year sharply lower, now losing -0.81% to 9,563 points. The downside in the European equities remains cushioned on the back of a minor pullback seen in the oil prices. For more information, read our latest forex news.