European markets in holiday-thinned trade


France’s CAC 40 rose 0.5% and Germany’s DAX index was up 1.3% on Monday morning. The U.K. FTSE 100 index was closed on Monday for the Christmas holidays.

Trump averted a government shutdown late Sunday, and extended unemployment benefits to millions of Americans. The signing came days after Trump suggested he would veto the legislation, demanding $2,000 direct payments to Americans, instead of $600. Stock futures in the U.S. rose slightly on the news.

In Asia, shares of Alibaba in Hong Kong dropped more than 8% for the second straight session after Chinese regulators ordered Alibaba-affiliate Ant Group to rectify its businesses.

Back in Europe, traders reacted to the announcement of a…


Alibaba raises stock buyback plan to $10 billion, but shares continue to sink

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