Ascension Thursday Observed In Europe

Several countries observe Ascension Day in Europe on Thursday, but the holiday doesn’t stop trading for most of the region’s stock markets.

The markets that are closed for trade are in Austria ATXEUR, -0.60% , Switzerland SMI, -0.12% , Estonia OMXTGI, +0.03% and all of the Scandinavian bourses, including Denmark OMXC20, -0.23% , Sweden OMXSPI, -0.51% , Norway OSEAX, -0.40% and Iceland OMXIPI, +0.00% .

That means that major European markets — such as Germany’s DAX, -0.18% , France’s PX1, -0.63% and the U.K.’s UKX, -0.38% are open for regular trade — although activity is usually thin. Markets in the U.S. and Asia are trading as usual.

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“Trading volumes are expected to be lower throughout the European session due to the bank holidays in Germany and France, which can quite often result in higher levels of volatility,” said Craig Erlam, senior market analyst at Oanda, in a note.

Ascension Thursday is a Christian holiday and the 40th day of the Easter season, commemorating Jesus Christ’s ascension into heaven.


Source – marketwatch

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