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The entrance to the London Stock Exchange Group building on December 8, 2024.
Manuel Romano | Nurfoto | fake images
European markets closed higher on Tuesday, in a trading day shortened by Christmas Eve.
The pan-European Stoxx 600 provisionally closed the session up 0.2%. Technology stocks were among those leading gains, after a strong trading session on Monday for U.S.-listed technology stocks.
London’s FTSE 100 and France’s CAC 40 index ended the session in positive territory, with sectors across the board posting gains ahead of the Christmas close.
Novo Nordisk shares recover
Nordisk It resumed its rally on Tuesday, rising to the top of the Stoxx 600 and adding 5.7% at the close. Shares of the Danish pharmaceutical giant were recovering from Last week’s big sale.which followed disappointing trial results for its weight-loss drug CagriSema.
In the rest of the European pharmaceutical sector, AstraZeneca said Tuesday had voluntarily withdrawn its EU marketing application for its lung cancer treatment datopotamab deruxtecan. The company said the decision, made together with co-developer Daiichi Sankyo, “was informed by feedback from the European Medicines Agency’s Committee for Medicinal Products for Human Use.”
In September, disappointing results from the clinical trial on which the application was based put a dent in AstraZeneca’s share price. The company’s shares rose 0.1% at the end of the Christmas Eve session.
In other business news, Anglo-American faces legal problems in Chile after the country’s Environmental Superintendence (SMA) filed four environmental complaints against the company on Monday. The firm could face a fine of up to $17 billion for alleged failure to comply with environmental permits at its Los Bronces copper mine, according to a Google translation of the SMA statement.
In an emailed statement, an Anglo American spokesperson said the mine was operating normally and the company was working with the Chilean regulator to ensure compliance.
The London-listed shares of the mining giant closed up 2%. Mining stocks led Stoxx 600 gains on Tuesday, after news agency Reuters reported China planned to issue a record 3 trillion yuan ($411 billion) worth of Treasury bonds in 2025.
At the end of the Stoxx 600 was the British housebuilder Vistry Groupwhose shares plummeted 16% throughout the session on Tuesday.
The company revised its guide for the whole year on Tuesday, cutting £50 million from its earnings outlook. Vistry said it now expects its full-year adjusted profit before tax to be around £250 million, attributing the downward revision to transaction delays and completions expected by the end of the year.
Shares of Swedish online gambling company Evolution continued their sell-off on Tuesday, after falling to the bottom of the European index on Monday. Last week, the company said it had come under review by the UK Gambling Commission, after the regulator found that the company’s games were accessible in Britain through unlicensed operators.
Spend the night in AsiaStocks were in mixed territory as investors monitored the outlook for monetary policy in Japanthe box office success merger between automobile giants Honda and Nissan and Wavering consumer confidence in South Korea.
Trading is expected to be subdued around the world this week, as several markets close early on Tuesday and will remain closed on Wednesday for Christmas Day.
