Entrance to the London Stock Exchange Group Building on December 8, 2024.
Manuel Romano | Noor Photos | Getty Images
European markets opened higher on Tuesday, ahead of a shortened trading session ahead of Christmas Eve.
The pan-European Stoxx 600 index was up around 0.3% at the open, with all sectors in positive territory. U.S.-listed technology stocks traded strongly on Monday, with tech stocks leading gains.
European stocks ended slightly higher on Monday as investors reacted to disappointing economic news from the UK, with the Stoxx 600 boosted by a recovery in shares of pharmaceutical giant Novo Nordisk.
Novo Nordisk resumed gains on Tuesday, rising to the top of the Stoxx 600 in early trade and rising 5.7% at 8:09 a.m. London time. The Danish pharmaceutical giant’s shares are recovering from a sharp selloff last week following disappointing trial results for its weight loss drug CagriSema.
No economic data is expected from Europe on Tuesday.
Asian stocks were mixed overnight, with investors paying close attention Japan Monetary Policy Outlooka blockbuster merger between auto giants Honda and Nissan Korean consumer confidence shakes.
Global trading is expected to be thin this week as several markets closed early on Tuesday and will remain closed for Christmas on Wednesday.
About The Author
