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Entrance to the London Stock Exchange Group building on December 8, 2024.
Manuel Romano | Nurphoto | Getty Images
European markets closed higher on Tuesday in a shortened trading day ahead of Christmas.
The pan-European Stoxx 600 index ended the session up about 0.2%. Tech 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 ended the session in positive territory, with all sectors higher ahead of the Christmas shutdown.
Nova Nordisk resumed its rally on Tuesday, climbing to the top of the Stoxx 600 and adding 5.7% to the closing bell. Shares of the Danish pharmaceutical giant recovered big sales last weekwhich followed the disappointing results of trials of the weight-loss drug CagriSema.
Elsewhere in European pharmaceuticals, AstraZeneca said Tuesday it has voluntarily withdrawn its marketing application in the EU for the treatment of lung cancer with datapotamab deruxtecan. The company said the decision, made with co-developer Daiichi Sankyo, “was driven by feedback from the European Medicines Agency’s Committee for Medicinal Products for Human Use.”
Back in September, the results of the clinical trials on which the application was based were disappointing reduced the price of shares of AstraZeneca. According to the results of the pre-Christmas session, the company’s shares rose by 0.1%.
In other business news Anglo-American is facing legal challenges in Chile after the country’s National Environmental Protection Authority (SMA) presented four environmental cases against the company on Monday. The firm could face up to $17 billion in fines for allegedly failing to comply with environmental permits at its Los Bronces copper mine, according to a Google translation of SMA’s statement.
In an emailed statement, an Anglo American spokesman said the mine was operating as normal and that the company was working with the Chilean regulator to ensure compliance.
The mining giant’s share price rose 2% in London. Mining stocks led gains on the Stoxx 600 on Tuesday after the news agency This is reported by Reuters In 2025, China planned to issue a record 3 trillion yuan ($411 billion) in Treasuries.
At the bottom of the Stoxx 600 was a British housebuilder The Vistry Groupwhose shares plummeted 16% during Tuesday’s session.
Company reviewed the recommendations for the entire year on Tuesday, slashing its profit forecast by £50m. Vistry said it now expects full-year adjusted pre-tax profit to be around £250m, attributing the downward revision to delays in pending transactions and the completion of year-end works.
Shares in Swedish online gambling firm Evolution continued to sell off on Tuesday after falling to the bottom of a European index on Monday. The company said last week that it had been investigated by the UK Gambling Commission after the regulator found that the company’s games had been made available in Britain through unlicensed operators.
Overnight in Asiastocks were in mixed territory as investors watched the outlook for monetary policy in Japanblockbuster the merger of car giants Honda and Nissan took place and shaky consumer confidence in South Korea.
Trading is expected to be muted around the world this week as several markets close early on Tuesday and will remain closed on Wednesday for Christmas Day.