Most countries in Europe begin to implement the annual winter time for five months from Sunday, local time. Trading in European financial markets will be delayed by an hour, the ECB's interest rate decision will be announced at 20:45 Beijing time next Thursday, and a press conference for President Christine Lagarde will be held at 21:30.

European countries at 1: 00 a.m. local time on the 25th (GMT) unified table, the time is set back one hour. After entering the winter time, the local trading hours of Germany, Britain and France, the three major European stock markets, are still 8:00-16:30 in London, 9:00-17:30 in Paris and Frankfurt, and the overall Beijing time corresponding to the trading session is pushed back one hour, that is, 1600-00:30 the next day.

Since 1996, EU member states have set the clock forward one hour to implement daylight saving time on the last Sunday in March every year, and set the clock back one hour on the last Sunday in October to restore winter time. Timing conversion is designed to make full use of sunlight to save energy.

As the European Parliament is still discussing whether to cancel the winter time and daylight saving time conversion, how to change the time in 2021 has not yet been determined, and this year may be the last winter time in Europe.