European markets closed in positive territory for a shortened trading session ahead of Christmas.
European markets were trading higher on Tuesday, in a shortened trading session for Christmas Eve. The pan-European Stoxx 600 was up by around 0.3% during morning deals, with all sectors in positive territory. Tech stocks were among those leading the gains, following Aresumed its rally on Tuesday, rising to the top of the Stoxx 600 during early deals and adding 5.7% by 11:05 a.m. London time.
Shares of the Danish pharmaceuticals giant were recovering from it had voluntarily withdrawn its EU marketing application for its datopotamab deruxtecan lung cancer treatment. The company said the decision, made alongside co-developer Daiichi Sankyo, was informed by feedback from the Committee for Medicinal Products for Human Use of the European Medicines Agency. against the company on Monday. The firm could face a fine of up to $17 billion over alleged non-compliance with environmental permits at its Los Bronces copper mine, according to a Google translation of the SMA statement. Portfolio manager names Chinese and European stocks promising ‘strong returns' despite market uncertainty In an emailed statement, an Anglo American spokesperson said the mine was operating normally and that the company was working with the Chilean regulator to ensure compliance. Vistry revised its full-year guidance on Tuesday, trimming £50 million from its profit outlook. Vistry said it now expects its full-year adjusted profit before tax to come in at around £250 million, attributing the downward revision to delays to expected year-end transactions and completions. Shares of Swedish online gambling firm Evolution continued their selloff on Tuesday, after tumbling to the bottom of the European index on Monday. Last week, the company said it had been placed under review by the U.K. Gambling Commission, after the regulator discovered the company's games were accessible in Britain through unlicensed operator
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