European stock markets open higher to start holiday week trading By

By Daniel Shvartsman

- European markets opened higher to kick off trading in the shortened last week of the year.

At 03:10 ET (08:10 GMT),Forex foreign exchange the was up 0.8%, the was up 1.05%, and the was up 0.94%.

The big global news came out of China, as officials announced that quarantine requirements for inbound travelers to the country will be dropped on January 8th. The China reopening theme may be the excuse to nudge markets higher. Asian markets closed higher on the day, with the rising 0.16% and the closing up 1%.

The was also up 0.1% at 03:15 ET (08:15 GMT), as the dipped 0.2%, a potential sign of a risk-on Santa rally to close the year.

Befitting the holiday schedule, there is not much on the economic calendar today, with highlights including the , , and .

Top Euro Stoxx 50 movers included LVMH Moët Hennessy Louis Vuitton SE (EPA:) (+2%), Airbus Group SE (EPA:) (+1.7%), TotalEnergies SE (EPA:) (+1.5%), Eni SpA (BIT:) (+1.4%), and BASF SE (ETR:) (+1.3%). Very few major European stocks were down, with SA (BME:) being the most notable decliner, down 2%.

In commodity markets, traded down 0.1% and dropped 0.15%. continued its strong year-end momentum, trading 0.65% higher.

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