European markets for buying and selling on public holidays
France’s CAC 40 rose 0.5% and the German DAX index rose 1.3% on Monday morning. The UK FTSE 100 index closed on Monday for the Christmas break.
Trump prevented the government from closing late Sunday and extended unemployment benefits to millions of Americans. The signing came days after Trump proposed vetoing the legislation, calling for $ 2,000 in direct payments to Americans instead of $ 600. US stock futures rose slightly on the news.
In Asia, Alibaba’s shares in Hong Kong fell more than 8% for the second straight year after Chinese regulators ordered Alibaba’s subsidiary Ant Group to revise its operations.
Back in Europe, traders reacted to the announcement of a Brexit trade deal between the UK and the EU. The deal, which was sealed after the market closed on December 24th, has to be approved by UK legislators this week before December 31st.
In the news on individual stocks, Italian company Saipem saw its shares rise 1.9% after signing a deal with the Italian Navy. Deutsche Post rose 3% after its CEO announced the company would expect record earnings in 2020.
– CNBC’s Eustance Huang and Yun Li contributed to this article.