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The European stock markets closed mixed on Christmas Eve with the French CAC easing 0.1% from 5-week highs.
The Dutch AEX flat around 2-week highs and the UK’s FTSE 100 finishing 0.2% up around 21-month highs amid thin trading volumes and as investors were monitoring developments around omicron coronavirus variant and remained concerned about rising inflation and higher monetary policies.
In corporate news, HSBC announced the acquisition of L&T Finance Holdings’ mutual fund unit for $425 million, eyeing growth in the Indian asset management market.
Also, multinational real estate fund Icade said it has acquired a Portuguese real estate investment fund holding a portfolio of four private hospitals for €213 million.
Markets in Germany, Italy and Switzerland are closed, and the European trading session ends early in several major countries. For the week, the CAC 40 rose 2.5%, the FTSE 100 climbed 1.8%, and the AEX ended 2.7% higher.
