Market Report
US close: Stocks stumble into year-end
Stocks on Wall Street ended lower on the last trading session of 2024, for a fourth day in a row.
US pre-open: Stocks set to bounce
Stocks look poised to recoup the previous day's losses during the final session of 2024.
Europe close: Stoxx rallies to finish 2024 on positive note
European shares pulled themselves off the mat and closed higher on the final day of 2024 after a weak start.
London close: Markets end year on positive note as stocks rise
After a tentative start, UK stocks pushed firmly into positive territory in a shortened trading session on Tuesday, as the London Stock Exchange closes up shop early – along with the rest of European markets – at 1230 GMT.
Digital 9 enters deal to sell unfinished Red Sea cable project
Digital 9 Infrastructure announced a binding agreement to sell its interest in the EMIC-1 subsea cable project for $42m on Tuesday, with completion expected by March.
Wizz Air inks support deal with Pratt & Whitney over aircraft groundings
Wizz Air has entered a commercial support agreement with Pratt & Whitney, it announced on Tuesday, to address the continued grounding of about 40 Airbus A320neo family aircraft due to issues with the PW1100G-JM geared turbofan engines.
Haleon completes purchase of 33pc share in Chinese JV
Haleon announced on Tuesday that it has finalised the acquisition of an additional 33% equity stake in its Chinese joint venture, Tianjin TSKF Pharmaceutical Co (TSKF), from Tianjin Pharmaceutical Group and Tianjin Pharmaceutical Da Ren Tang Group Corporation.
Asia report: Markets in the red, but most post full-year gains
Asia-Pacific markets presented a mixed picture on the final trading day of 2024, influenced by holiday closures in key regions and weaker-than-expected manufacturing data from China.
Zephyr Energy receives $7.5m to fully finance well drilling and testing
Zephyr Energy confirmed the receipt of $7. 5m in funds to fully finance the drilling, completion, and production testing of the extended lateral on its State 36-2 LNW-CC-R well on Tuesday.
ValiRx further extends letter of intent with TheoremRx
ValiRx, a life science company specialising in early-stage cancer therapeutics and women's health, announced a further amendment to its letter of intent with TheoremRx regarding the proposed sub-license of VAL201 on Tuesday.
Hummingbird refinances Coris loans with $35.6m borrowing
Hummingbird Resources announced the signing of a $35. 6m loan agreement on Tuesday, to support the cash flow needs of its Malian subsidiary, Société des Mines de Komana (SMK).
London open: Markets rangebound as caution sets in
UK stocks opened flat on Tuesday morning ahead of an early finish in London, with investors adopting a cautious approach on the final trading day of the year.
CleanTech reports Laguna Verde progress, revises results for ASX listing
CleanTech Lithium, a company focused on lithium exploration and development in Chile, updated the market on its application for a special lithium operating contract (CEOL) for the Laguna Verde project on Tuesday, as well as its amended 2024 interim financial results, revised in preparation for a dual listing on the ASX.
Europe open: Stoxx muted on final trading day of year
European shares opened lower on the final day of 2024 in thin trade with only a handful of markets open.
London pre-open: Weak start expected ahead of shortened session
UK stocks are expected to fall again on Tuesday, taking their lead from a sell-off on Wall Street overnight and a weak performance on Asian indices, with very little corporate or economic news to provide a catalyst for markets on the final trading day of the year.