Global stocks mostly rose yesterday in thin Christmas Eve trade, as investors awaited a so-called Santa Claus rally. US stock markets have traditionally fared well in the last five trading days of the year and the first two in the new year. Wall Street opened modestly higher and picked up speed, with the S&P 500 finishing up 1.1 percent. Gains were broad-based, with tech heavyweights like Facebook parent Meta, Netflix, and Amazon all winning more than one percent.
In Europe, Paris’s CAC 40 closed higher in a pre-holiday short session while Frankfurt was closed all day. London also closed in the green, despite a week clouded by lackluster economic data
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