European markets close higher ahead of Christmas shutdown; Novo Nordisk resumes recovery

Credit Cards

Loans

Banking

Mortgages

Insurance

Credit Monitoring

Personal Finance

Small Business

Taxes

Help for Low Credit Scores

Investing

SELECT

All Credit Cards

Find the Credit Card for You

Best Credit Cards

Best Rewards Credit Cards

Best Travel Credit Cards

Best 0% APR Credit Cards

Best Balance Transfer Credit Cards

Best Cash Back Credit Cards

Best Credit Card Welcome Bonuses

Best Credit Cards to Build Credit

SELECT

All Loans

Find the Best Personal Loan for You

Best Personal Loans

Best Debt Consolidation Loans

Best Loans to Refinance Credit Card Debt

Best Loans with Fast Funding

Best Small Personal Loans

Best Large Personal Loans

Best Personal Loans to Apply Online

Best Student Loan Refinance

SELECT

All Banking

Find the Savings Account for You

Best High Yield Savings Accounts

Best Big Bank Savings Accounts

Best Big Bank Checking Accounts

Best No Fee Checking Accounts

No Overdraft Fee Checking Accounts

Best Checking Account Bonuses

Best Money Market Accounts

Best CDs

Best Credit Unions

SELECT

All Mortgages

Best Mortgages

Best Mortgages for Small Down Payment

Best Mortgages for No Down Payment

Best Mortgages with No Origination Fee

Best Mortgages for Average Credit Score

Adjustable Rate Mortgages

Affording a Mortgage

SELECT

All Insurance

Best Life Insurance

Best Homeowners Insurance

Best Renters Insurance

Best Car Insurance

Travel Insurance

SELECT

All Credit Monitoring

Best Credit Monitoring Services

Best Identity Theft Protection

How to Boost Your Credit Score

Credit Repair Services

SELECT

All Personal Finance

Best Budgeting Apps

Best Expense Tracker Apps

Best Money Transfer Apps

Best Resale Apps and Sites

Buy Now Pay Later (BNPL) Apps

Best Debt Relief

SELECT

All Small Business

Best Small Business Savings Accounts

Best Small Business Checking Accounts

Best Credit Cards for Small Business

Best Small Business Loans

Best Tax Software for Small Business

SELECT

All Taxes

Filing For Free

Best Tax Software

Best Tax Software for Small Businesses

Tax Refunds

Tax Brackets

Tax Tips

Tax By State

Tax Payment Plans

SELECT

All Help for Low Credit Scores

Best Credit Cards for Bad Credit

Best Personal Loans for Bad Credit

Best Debt Consolidation Loans for Bad Credit

Personal Loans if You Don’t Have Credit

Best Credit Cards for Building Credit

Personal Loans for 580 Credit Score or Lower

Personal Loans for 670 Credit Score or Lower

Best Mortgages for Bad Credit

Best Hardship Loans

How to Boost Your Credit Score

SELECT

All Investing

Best IRA Accounts

Best Roth IRA Accounts

Best Investing Apps

Best Free Stock Trading Platforms

Best Robo-Advisors

Index Funds

Mutual Funds

ETFs

Bonds

In this article

European markets closed higher on Tuesday, in a shortened trading day for Christmas Eve.

The pan-European Stoxx 600 provisionally ended the session around 0.2% higher. Tech stocks were among those leading the gains, following a strong trading session on Monday for U.S.-listed technology shares.

London’s FTSE 100 and the French CAC 40 index both ended the session in positive territory, with sectors across the board seeing gains ahead of the Christmas shutdown.

Novo Nordisk resumed its rally on Tuesday, rising to the top of the Stoxx 600 and adding 5.7% by the closing bell. Shares of the Danish pharmaceuticals giant were recovering from last week’s major sell-off, which followed disappointing results from the trial of its CagriSema weight loss drug.

Elsewhere in European pharmaceuticals, AstraZeneca said Tuesday it had voluntarily withdrawn its EU marketing application for its datopotamab deruxtecan lung cancer treatment. The company said the decision, made alongside co-developer Daiichi Sankyo, “was informed by feedback from the Committee for Medicinal Products for Human Use of the European Medicines Agency.”

Back in September, disappointing results from the clinical trial on which the application was based dented AstraZeneca’s share price. Shares of the company were up 0.1% at the end of the Christmas Eve session.

In other business news, Anglo American is facing legal issues in Chile after the country’s Superintendency of the Environment (SMA) filed four environmental charges against the company on Monday. The firm could face a fine of up to $17 billion over alleged non-compliance 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 that the company was working with the Chilean regulator to ensure compliance.

The mining giant’s London-listed shares closed up 2%. Mining stocks led the gains on the Stoxx 600 on Tuesday, after news agency Reuters reported China was planning to issue a record 3 trillion yuan ($411 billion) worth of treasury bonds in 2025.

At the bottom of the Stoxx 600 was British homebuilder Vistry Group, whose shares plummeted 16% throughout the course of Tuesday’s session.

The company revised its full-year guidance on Tuesday, trimming £50 million from its profit outlook. Vistry said it now expects its full-year adjusted profit before tax to come in at around £250 million, attributing the downward revision to delays to expected year-end transactions and completions.

Shares of Swedish online gambling firm Evolution continued their selloff on Tuesday, after tumbling to the bottom of the European index on Monday. Last week, the company said it had been placed under review by the U.K. Gambling Commission, after the regulator discovered the company’s games were accessible in Britain through unlicensed operators.

Overnight in Asia, stocks were in mixed territory as investors monitored the monetary policy outlook in Japan, the blockbuster merger between autos giants Honda and Nissan and faltering consumer confidence in South Korea.

Trading is expected to be muted across the globe this week as multiple markets close early on Tuesday and will remain shuttered on Wednesday for Christmas Day.

Got a confidential news tip? We want to hear from you.

Sign up for free newsletters and get more CNBC delivered to your inbox

Get this delivered to your inbox, and more info about our products and services.

© 2024 CNBC LLC. All Rights Reserved. A Division of NBCUniversal

Data is a real-time snapshot *Data is delayed at least 15 minutes.
Global Business and Financial News, Stock Quotes, and Market Data
and Analysis.

Data also provided by

Source: www.cnbc.com