DOW JONES–On Christmas Eve, only a few stock exchanges were open in Europe. Where trade took place – including London, Amsterdam, Brussels and Paris – only a shortened meeting took place before the Christmas break. Thanks to positive guidance from the USA, the mood was cautiously optimistic, but sales were thin because many players had already left for the Christmas holidays. The Euro Stoxx 50 closed 0.1 percent higher.
Prices on the US stock exchanges rose on Monday after economic data was weaker than expected. That eased fears that the U.S. Federal Reserve could slow the pace of interest rate cuts next year, Swissquote analyst Ipek Ozkardeskaya noted.
The euro held its own against the dollar. Analyst Ozkardeskaya referred to market expectations that the European Central Bank will take action as a result of weak growth in the Eurozone and political upheavals will force interest rates to be cut significantly. She specifically highlighted the situation in France, where President Emmanuel Macron appointed a new cabinet on Monday. This included some political heavyweights, but even they are unlikely to be able to get a divided government to agree on a plan to reduce the budget deficit, said the analyst.
Company news was scarce. AstraZeneca tended to hold up well in London. The pharmaceutical manufacturer and its Japanese partner Daiichi Sankyo announced that they had initially withdrawn their application for approval of the lung cancer drug Dato-dxd in Europe following feedback from the European Medicines Agency. However, the two companies said they wanted to continue working on bringing the product onto the market in Europe.
Meanwhile, a profit warning sent the Vistry Group, which is also listed in London, into decline. The price fell by 16.3 percent. The construction company, which specializes in home ownership, said the reason for the forecast reduction was that some transactions were delayed at the end of the year. Shares of other industry companies such as Barratt Redrow (-0.6%) and Taylor Wimpey (-0.5%) were only slightly impacted by the Vistry profit warning.
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Stock index last +/-% absolute +/-% YTD
Euro Stoxx 50 4,857.86 +0.1% 4.93 +7.4%
Stoxx-50 4,274.60 +0.2% 8.34 +4.4%
DAX Closed +18.5%
MDAX Closed -5.3%
TecDAX Closed +2.7%
SDAX Closed -2.8%
FTSE 8,136.99 +0.4% 34.27 +4.8%
CAC 7,282.69 +0.1% 10.37 -3.5%
Bond market last absolute +/- YTD
German ten-year return 2.32 0 -0.25
US ten-year yield 4.61 +0.02 +0.73
FOREX last +/- % Mon 7:50 am Fri 5:20 pm % YTD
EUR/USD 1.0400 -0.1% 1.0434 1.0414 -5.8%
EUR/JPY 163.40 -0.1% 163.41 162.88 +5.0%
EUR/CHF 0.9363 +0.1% 0.9324 0.9311 +0.9%
EUR/GBP 0.8282 -0.2% 0.8302 0.8287 -4.5%
USD/JPY 157.13 -0.0% 156.62 156.38 +11.5%
GBP/USD 1.2556 +0.1% 1.2568 1.2569 -1.3%
USD/CNH (Offshore) 7.3018 -0.1% 7.3042 7.2963 +2.5%
Bitcoin
BTC/USD 94,496.35 -0.5% 94,832.50 97,370.00 +117.0%
ROHOEL most recently VT-Settlem. +/-% +/- USD% YTD
WTI/Nymex 69.71 69.24 +0.7% +0.47 +0.2%
Brent/ICE 73.15 72.63 +0.7% +0.52 -1.1%
GAS VT Settlem. +/- EUR
Dutch TTF 45.875 45.75 +0.3% +0.13 +19.1%
METALS last day previous +/- % +/- USD % YTD
Gold (spot) 2,612.87 2,617.21 -0.2% -4.34 +26.7%
Silver (spot) 29.54 29.66 -0.4% -0.12 +24.3%
Platinum (spot) 942.63 942.75 -0.0% -0.13 -5.0%
Copper future 4.06 4.03 0% +0.03 +2.6%
YTD based on the previous day’s closing level
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(END) Dow Jones Newswires
December 24, 2024 08:24 ET (13:24 GMT)