Finance

European shares flat after Christmas break; set for modest weekly gains

Published by Global Banking & Finance Review

Posted on December 27, 2024

1 min read

· Last updated: January 27, 2026

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European stock market performance analysis after Christmas break - Global Banking & Finance Review
An overview of European stock indices' performance after the Christmas break, highlighting the flat movement and modest weekly gains in the finance sector. Key indices include the STOXX 600, DAX, FTSE 100, and CAC 40.
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(Reuters) - Europe's main stock index opened flat on Friday after a two-day holiday, but its modest gains earlier in the week have kept it on course to snap a two-week losing streak. The pan-European

European Shares Steady Post-Holiday, Set for Weekly Gains

(Reuters) - Europe's main stock index opened flat on Friday after a two-day holiday, but its modest gains earlier in the week have kept it on course to snap a two-week losing streak.

The pan-European STOXX 600 was flat at 504.56 by 0811 GMT, leaving it with a 0.3% gain in the holiday-disrupted week.

Across the region, Germany's DAX shed 0.2%, as did Britain's FTSE 100, while France's CAC 40 was flat.

On the day, the energy sector led sectoral gains with a 0.3% increase, in tandem with oil prices. [O/R]

Among stocks, Deliver Hero fell nearly 7% after Taiwan Fair Trade Commission blocked the German online takeaway food company's sale of its Foodpanda business in the country to Uber, arguing it would decrease competition.

(Reporting by Pranav Kashyap in Bengaluru; Editing by Savio D'Souza)

Key Takeaways

  • European shares opened flat after the holiday break.
  • STOXX 600 is on track for a weekly gain despite mixed index performances.
  • Germany's DAX and Britain's FTSE 100 both fell by 0.2%.
  • Energy sector led gains with a 0.3% increase.
  • Deliver Hero's stock dropped after a regulatory block in Taiwan.

Frequently Asked Questions

What is the main topic?
The article discusses the performance of European stock markets post-Christmas, focusing on the STOXX 600 and other major indices.
How did the energy sector perform?
The energy sector led the gains with a 0.3% increase, aligning with rising oil prices.
What happened to Deliver Hero's stock?
Deliver Hero's stock fell nearly 7% after Taiwan's Fair Trade Commission blocked its sale of Foodpanda to Uber.

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