{"id":54454,"date":"2024-12-27T18:45:42","date_gmt":"2024-12-27T18:45:42","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/12\/27\/european-markets-close-higher-10\/"},"modified":"2024-12-27T18:45:42","modified_gmt":"2024-12-27T18:45:42","slug":"european-markets-close-higher-10","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/12\/27\/european-markets-close-higher-10\/","title":{"rendered":"European Markets Close Higher"},"content":{"rendered":"
<\/div>

\n<\/p>\n

\n

European stocks closed higher on Friday, as investors made some purchases at several counters as markets<\/span> resumed trading after Christmas holidays.<\/p>\n

Activity was a bit subdued in most of the markets in the region amid a lack of triggers, and ahead of the New Year holidays coming up next week.<\/p>\n

France’s new premier Francois Bayrou has vowed to sharply narrow the nation’s deficit to close to 5 percent of GDP, a level his predecessor unsuccessfully tried to reach.<\/p>\n

Bank stocks found support amid a surge in regional government bond yields. Energy firms attracted buyers as oil prices climbed up on expectations economic stimulus efforts will prompt a recovery in China, the world’s second-largest economy<\/span>.<\/p>\n

The pan European Stoxx 600 gained 0.67%. Germany’s DAX closed higher by 0.68%, France’s CAC 40 advanced 1% and the U.K.’s FTSE 100 edged up 0.16%. Switzerland’s SMI gained 0.88%.<\/p>\n

Among other markets in Europe, Austria, Belgium, Denmark, Finland, Greece, Iceland, Netherlands, Norway, Portugal, Spain, Sweden and Turkiye closed higher.<\/p>\n

Poland edged up marginally, while Ireland and Russia ended weak.<\/p>\n

In the UK market, Centrica rallied about 2.3% after the company announced the start of the \u00a3300m extension of its share buyback, which is due to be completed by the end of September 2025. <\/p>\n

Diageo, BP, Schrodders, Pearson, Coca-Cola HBC, United Utilities, HSBC Holdings and Aviva also closed higher.<\/p>\n

Next shed about 2.6%. Pershing Square Holdings, Croda International, EasyJet, Anglo American Plc, Whitbread, RightMove, Alliance Witan and Endeavour Mining ended lower by 1 to 2.2%.<\/p>\n

In the German market, Brenntag, Volkswagen, BMW, Bayer, Fresenius Medical Care, Mercedes-Benz, Commerzbank, Merck, Deutsche Bank, SAP and Daimler Truck Holding gained 1 to 2.3%.<\/p>\n

Covestro and Siemens Energy both lost more than 2%. Munich RE ended down 1.2%.<\/p>\n

In the French market, Credit Agricole climbed more than 2.5%. Stellantis, Bouygues, BNP Paribas, Teleperformance, AXA, Sanofi, Kering, Pernod Ricard, TotalEnergies, Engie, Vinci and Societe Generale gained 1 to 2%. <\/p>\n<\/p>\n

Market Analysis<\/p>\n<\/div>\n