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 readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 27, 2024
1 min readLast updated: January 27, 2026
European shares opened flat post-holiday, with STOXX 600 poised for weekly gains. Energy sector led gains, while Deliver Hero faced a stock drop.
(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)
The article discusses the performance of European stock markets post-Christmas, focusing on the STOXX 600 and other major indices.
The energy sector led the gains with a 0.3% increase, aligning with rising oil prices.
Deliver Hero's stock fell nearly 7% after Taiwan's Fair Trade Commission blocked its sale of Foodpanda to Uber.
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