FX.co ★ European Stocks Close Little Changed

During the abbreviated trading session on Christmas Eve, the STOXX 50 remained relatively unchanged, closing at 5,749, while the STOXX 600 edged slightly above neutral, finishing at 588.8, following a record high close the day before. Notably, luxury stocks led the market, with LVMH advancing by 1%, Hermes increasing by 0.6%, and L'Oreal growing modestly by 0.1%. Meanwhile, Iberdrola saw a gain of 0.4%. In contrast, ASML Holding and AstraZeneca each experienced a decline of 0.5%, with Airbus slipping by 0.2% and Unilever decreasing by 0.4%. BP, after initially rising, ended the session down by 0.4% following its agreement to divest a 65% stake in Castrol to Stonepeak. Additionally, Sanofi's shares dipped by 0.4% following its announcement to acquire Dynavax.