🚨 European Stocks Mixed on Christmas Eve 🇪🇺🎄🇺🇸
European equity markets traded mostly flat in thin holiday volumes on Christmas Eve, as investors digested corporate news and rising political tensions. In the healthcare space, French pharma giant Sanofi 🇫🇷 announced it will acquire U.S.-based Dynavax 🇺🇸 for $2.2B, a deal unanimously approved by Dynavax’s board, strengthening Sanofi’s vaccine and immunology pipeline.
On the political front, relations between Paris and Washington faced fresh strain after France strongly condemned U.S. visa sanctions imposed on former EU Commissioner Thierry Breton and four others. The move added to broader transatlantic tensions, keeping investor sentiment cautious despite muted market moves.
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