Market Insight

Travel and leisure, energy stocks lead gains in holiday-thin trade in Europe

24 December 2024

Europe’s main stock indexes opened higher on Tuesday, with travel and leisure and energy stocks leading broad-based market gains amid lighter trading volumes ahead of the Christmas break.

The pan-European STOXX 600 was up 0.2% by 0815 GMT, with many markets either closed or operating reduced hours on Christmas Eve.

Amsterdam, Brussels and Paris will have half-day trading sessions, while Frankfurt and Milan are closed, keeping trading volumes low throughout the day.

After Monday’s slide, travel and leisure regained some lost ground, with an increase of 0.5%. Energy was also up 0.5% tracking higher oil prices.

Among individual movers, British homebuilder Wistry fell 18% at the bottom of the STOXX 600 after warning for a third time on its fiscal 2024 profit, delaying transactions and completions expected at the end of the year.

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