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European stocks open flat in thin holiday trade -Breaking

by Mike Robinson

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© Reuters. The graph of the German share price index DAX is pictured at Frankfurt Stock Exchange, Germany. December 22, 2021. REUTERS/Staff

(Reuters] European shares closed flat during light holiday trading Friday following a recent surge in global shares on the signs that Omicron coronavirus variants may not cause a slowdown in global economic recovery.

After gaining nearly 1% during the last session, the pan-European was still flat at 0826 GMT. London was up 0.1% while the 40 were flat.

The stock market in many countries such as Germany, Spain, Italy, and Switzerland is closed for Christmas on Friday. The trading hours for Bourses in London, France and Spain will be shorter.

Asian markets edged higher, closing at a record-breaking high overnight due to positive economic data. Studies also indicated that Omicron may be less likely to require hospitalisation.

Lysogene, a biotech company that specializes in gene therapy and other technologies, saw a 10.5% jump after it entered into a loan agreement of 15 million euros with the European Investment Bank.

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