Is the Stock Market Open on Christmas Day 2026? Xetra Hours
December 25
Is the Stock Market Open on Christmas Day 2026? Xetra Hours
Frankfurt Stock Exchange (Xetra) are closed on Friday, for Christmas Day.
- Next holiday
- New Year's Eve, December 31, 2026
- Regular hours
- 9:00 am to 5:30 pm CET/CEST
Full schedule and background: Xetra Holidays.
Updated
The Frankfurt Stock Exchange (Xetra) is closed on Friday, December 25, 2026 for Christmas Day. This is one of the fixed public holidays observed across German and most European trading venues, and no electronic or floor trading takes place on Xetra that day. Orders entered on the holiday do not execute; they are simply queued and will only be processed once the market reopens for the next scheduled trading session. Anyone holding German or European shares, exchange-traded funds or derivatives linked to Xetra-listed instruments should expect no price movement, no new fills and no settlement activity on December 25. For the full run of dates when Xetra is shut or trading shorter hours, see the Xetra holiday calendar.
Because Xetra was also closed the previous day for Christmas Eve, this creates a short back-to-back closure heading into the year-end period. Traders in London, New York and Tokyo dealing in German equities, DAX futures or related instruments should factor this into any cross-border hedging or rebalancing plans made in the final week of December.
Which markets are closed on Christmas Day 2026?
| Market | Status | Notes |
|---|---|---|
| Xetra (German equities) | Closed | No cash equity trading, all order types queued for next session |
| Frankfurt Stock Exchange floor | Closed | Floor trading also suspended for the holiday |
| Eurex (German/European derivatives) | Closed | Christmas Day is a standard Eurex holiday across the group |
| London Stock Exchange (LSE) | Closed | UK markets also observe Christmas Day as a bank holiday |
| Euronext (Paris, Amsterdam, Brussels, Lisbon) | Closed | Christmas Day is a group-wide Euronext holiday |
| Tokyo Stock Exchange (TSE) | Open (regular hours) | Japan does not observe Christmas as a market holiday |
| New York Stock Exchange (NYSE) and Nasdaq | Closed | US markets are also shut for Christmas Day |
This table reflects officially published holiday calendars. Always check the exchange’s own calendar close to the date, since schedules can occasionally be revised.
Is the market open the day before and after?
Xetra was already closed the day before, on Christmas Eve, December 24, 2026, so there is no trading on either December 24 or December 25. The last trading session before this stretch was Wednesday, December 23, 2026, with regular hours running from 9:00 am to 5:30 pm CET/CEST on Xetra, with the Frankfurt floor extending to 8:00 pm. Trading is expected to resume on the next scheduled business day after Christmas, unless that day is also a designated holiday under the exchange’s calendar. There is no early close attached to Christmas Day itself; the market is simply shut for the full session.
Why do markets close for Christmas Day?
Christmas Day is a long-standing public and religious holiday across Germany and much of Europe, and exchange operators such as Deutsche Börse align their trading calendars with national public holidays to avoid running markets when banks, clearing houses, corporate finance teams and most institutional staff are off work. Closing the market on days with thin staffing and low expected liquidity also reduces the risk of erratic price moves caused by low trading volumes.
Deutsche Börse publishes its trading calendar well in advance each year so that brokers, custodians and international counterparties can plan settlement cycles, corporate actions and cross-border trades around the closure.
What It Means for Your Money
If you place an order for a German stock or ETF on December 25, it will simply sit unexecuted until the exchange reopens; nothing is lost, but the timing of your trade shifts to the next available session. Settlement, which normally completes two business days after a trade under the standard T+2 cycle used across most European markets, will also be delayed by the closure, so funds or shares may arrive in your account a day or two later than expected around this period. Dividend payment dates and options or futures expiries that would normally fall on or near December 25 are typically shifted to the nearest working day by the relevant exchange or clearing house. Bank transfers and card payments in the eurozone generally continue to work as normal, since Christmas Day banking hours affect branch access more than electronic payments, though some same-day transfers may be delayed until the next business day. Cryptocurrency markets, unlike Xetra, trade continuously and are unaffected by the holiday, so bitcoin, ether and other digital assets will continue to move in price throughout December 25.
Remaining Xetra holidays in 2026
- New Year’s Eve, December 31, 2026 (closed)
Frequently Asked Questions
Is the stock market open on Christmas Day 2026?
No. Xetra and the Frankfurt Stock Exchange are closed on Friday, December 25, 2026, along with most major European exchanges including the LSE and Euronext.
Is the bond market open on Christmas Day?
German government bond trading and clearing activity linked to Xetra and Eurex are also suspended on Christmas Day, in line with the equity market closure.
What time does Xetra close on the last trading day before Christmas?
Xetra follows its regular hours of 9:00 am to 5:30 pm CET/CEST on the last trading day before the holiday period, December 23, 2026, with the Frankfurt floor open until 8:00 pm.
When is the next Xetra market holiday after Christmas Day?
The next scheduled closure is New Year’s Eve, December 31, 2026.
Are German banks open on Christmas Day?
No. German banks are closed on December 25, 2026, alongside the stock market, as Christmas Day is a nationwide public holiday.