Is the Stock Market Open on Christmas Eve 2026? LSE Hours
2026-12-24 00:00 - 23:59 (America/New_York)
London Stock Exchange close early at 12:30 pm local on Thursday, December 24, 2026 for Christmas Eve (Early Close).

Next holiday
Christmas Day, December 25, 2026
Regular hours
8:00 am to 4:30 pm UK time

Full schedule and background: LSE Holidays.
Updated September 2, 2026

The London Stock Exchange is open for a shortened session on Thursday, December 24, 2026, trading from 8:00 am to 12:30 pm UK time instead of its regular close at 4:30 pm. This early close applies to equities, exchange-traded funds and most other instruments listed on the LSE. Orders placed after 12:30 pm on Christmas Eve will not be filled until the market reopens, and settlement of trades made that day follows the standard cycle from the early close rather than a full session. For the complete run of dates, see the LSE holiday calendar.
The exchange returns to a full closure the following day for Christmas Day itself, before UK markets fully reopen after the extended holiday break. Traders with time-sensitive orders, particularly those near month end or year end, should plan around the shortened session rather than assuming a normal trading day.
Which markets are closed on Christmas Eve 2026?

Market
Status
Notes

London Stock Exchange (equities)
Early close
Trades 8:00 am to 12:30 pm UK time

LSE derivatives and options
Early close
Follows the same shortened schedule as the cash equity market

UK gilts and bonds
Early close (typical)
UK bond markets generally align with the shortened equity session on Christmas Eve

Euronext (Paris, Amsterdam, Brussels)
Early close
European exchanges commonly shorten trading on December 24

New York Stock Exchange and Nasdaq
Open (regular hours)
US markets typically close early only when Christmas Eve falls on a weekday adjoining a holiday weekend; check the US market holiday page for confirmation

Tokyo Stock Exchange
Open (regular hours)
Japan does not observe Christmas as a market holiday

Always confirm exact hours for non-UK venues with their own official calendars, since early-close conventions vary by exchange and can change year to year.
Is the market open the day before and after?
Wednesday, December 23, 2026 is a normal full trading day on the LSE, running the usual 8:00 am to 4:30 pm UK hours. Christmas Eve itself, Thursday December 24, is the shortened session ending at 12:30 pm local time. The exchange is then fully closed on Friday, December 25, 2026 for Christmas Day, and remains closed on Monday, December 28, 2026 for the substitute Boxing Day holiday, since December 26 falls on a Saturday in 2026. The next full trading day after the holiday cluster is Tuesday, December 29, 2026.
Why do markets close for Christmas Eve?
Christmas Eve has long been treated as a half trading day across many European exchanges, reflecting the tradition of businesses closing early so staff can travel or prepare for the holiday. Trading volumes on the day are typically thin, as many institutional desks reduce staffing and retail activity slows ahead of the long weekend.
The London Stock Exchange has kept this early-close convention for decades, and it is mirrored by several other European venues including Euronext markets. The practice balances a functioning market for anyone who needs to trade with a recognition that most participants have already stepped away for the holiday.
What It Means for Your Money
If you hold a UK share dealing account or a pension invested in UK equities, the shortened session on Christmas Eve means any order you place after 12:30 pm will simply wait until the next trading window, most likely the reopening on December 29. This is not a cause for concern, it is a scheduling issue rather than a market problem.
Settlement of trades, meaning the point at which shares and cash actually change hands, still follows the standard timeline from whenever your trade executes, so a deal completed before 12:30 pm settles as normal. Anyone with options or futures expiring around this period should check contract specifications carefully, since expiry timing can be affected by the earlier close. Bank transfers and payroll payments are generally unaffected by exchange hours, since high street banks operate on their own separate holiday schedule. If you trade cryptocurrency, remember that those markets operate 24 hours a day and are not affected by exchange holidays at all.
Remaining LSE holidays in 2026

Christmas Day, December 25, 2026 (closed)
Boxing Day (Substitute), December 28, 2026 (closed)
New Year’s Eve (Early Close), December 31, 2026, closing at 12:30 pm local time

Frequently Asked Questions
Is the London Stock Exchange open on Christmas Eve 2026?
Yes, but only for a shortened session from 8:00 am to 12:30 pm UK time on Thursday, December 24, 2026.
Is the bond market open on Christmas Eve?
UK bond trading typically follows the same shortened schedule as equities, though investors should confirm with their broker or the relevant bond platform.
What time does the market close on Christmas Eve?
The London Stock Exchange closes at 12:30 pm local UK time on December 24, 2026, well ahead of its usual 4:30 pm close.
When is the next LSE market holiday after Christmas Eve?
The exchange is closed the very next day, December 25, 2026, for Christmas Day, followed by a closure on December 28 for the substitute Boxing Day holiday.
Are UK banks open on Christmas Eve?
Most UK banks remain open for business on Christmas Eve, though branch hours can vary, and it falls outside the official UK bank holiday schedule.

Is the Stock Market Open on Christmas Eve 2026? CME Futures Hours
2026-12-24 00:00 - 23:59 (America/New_York)
CME Group Futures close early at 12:15 pm local on Thursday, December 24, 2026 for Christmas Eve (Early Close).

Next holiday
Christmas Day, December 25, 2026
Regular hours
5:00 pm to 4:00 pm CT (Sun-Fri, with 4:00-5:00 pm daily maintenance break)

Full schedule and background: CME Futures Holidays.
Updated September 2, 2026

← Previous CME Futures Holidays
CME Group futures markets close early on Christmas Eve, Thursday, December 24, 2026, with equity index and interest rate futures halting trading at approximately 12:15 pm local time (Central Time), well ahead of the normal overnight-to-afternoon Globex session. This is an early close, not a full closure: trading resumes that evening ahead of Christmas Day, December 25, 2026, when CME Group is fully closed. Orders that would normally execute after the early halt roll into the next available session once trading resumes. For the complete run of dates, see the CME Futures Holidays calendar.
Because CME finalises exact holiday hours only around two weeks in advance, in coordination with the New York Stock Exchange (NYSE) and the Securities Industry and Financial Markets Association (SIFMA), the times below reflect the pattern CME has followed on previous Christmas Eve sessions and should be confirmed on the official CME Group trading hours page closer to the date.
Which markets are closed on Christmas Eve 2026?

Market
Status
Notes

CME Group futures (equity index, interest rate)
Early close
Halts around 12:15 pm CT (1:15 pm ET); Globex reopens that evening

CME energy and metals futures
Early close
Typically halt slightly later than equity and rate products, around 12:30 pm CT

NYSE and Nasdaq (equities)
Early close
Close at 1:00 pm ET (1:15 pm ET for eligible options)

US bond market (SIFMA)
Early close
SIFMA recommends a 2:00 pm ET close for the cash Treasury market

US options
Early close
Aligned with NYSE/Nasdaq early close, 1:15 pm ET for eligible contracts

London Stock Exchange (LSE)
Early close
Traditionally closes early on Christmas Eve when it falls on a trading day

Euronext
Early close
Shortened session ahead of the Christmas holidays

Tokyo Stock Exchange (TSE)
Open (regular hours)
Japan does not observe Christmas as a market holiday

Is the market open the day before and after?
Wednesday, December 23, 2026 is a regular full trading day on CME Globex, with the usual overnight session and daily maintenance break. Christmas Eve itself, Thursday, December 24, is the early-close day described above: interest rate and equity index futures halt around 12:15 pm CT, with energy and metals products following shortly after. Trading then resumes that evening ahead of the weekend, since Christmas Day, Friday, December 25, 2026, is a full closure across CME Group markets. The next full trading session begins with the Sunday evening reopen at 5:00 pm CT (6:00 pm ET) heading into Monday, December 28.
Why do markets close for Christmas Eve?
Exchanges shorten trading on Christmas Eve out of long-standing convention rather than regulation: liquidity thins sharply as traders, brokers and support staff leave early for the holiday, so exchanges formalise a shorter session rather than run a full day on artificially low volume. The practice dates back decades on Wall Street and has been mirrored by futures markets, which typically follow the lead set by the NYSE and SIFMA when setting their own holiday and early-close calendars.
Because Christmas Eve falls on a weekday but is not itself a federal holiday, most US markets treat it as a half day rather than a full closure, distinguishing it from Christmas Day itself, which is a full market holiday everywhere in the United States.
What It Means for Your Money
If you place a futures order after the early halt on December 24, it queues and executes when trading resumes, not immediately, which matters if you are trying to hedge or close a position before month end. Settlement follows the standard T+1 cycle for most US markets, but the compressed week around Christmas can push settlement dates later than usual, so check confirmations carefully if you are relying on funds landing by a specific day. Dividend payments and options expiries scheduled for this window are unaffected in principle but can see thinner liquidity, which sometimes widens the gap between the price you expect and the price you get. Bank transfers tied to the early close, including payroll runs some employers schedule around the holidays, may also process a little slower than usual. Cryptocurrency markets, including CME’s own Bitcoin and Ether futures, continue trading with only brief daily maintenance breaks and are not affected by the equity and rate market early close.
Remaining CME Futures holidays in 2026

Christmas Day, December 25, 2026: full closure

Frequently Asked Questions
Is the CME futures market open on Christmas Eve 2026?
Yes, but only for part of the day. CME Group interest rate and equity index futures trade a normal overnight and morning session before halting around 12:15 pm local time (Central Time) on Thursday, December 24, 2026.
Is the bond market open on Christmas Eve?
The US Treasury cash market typically follows a SIFMA-recommended early close, generally around 2:00 pm ET, on Christmas Eve when it falls on a business day.
What time does CME close on December 24, 2026?
Equity index and interest rate futures are expected to halt around 12:15 pm CT (1:15 pm ET), with energy and metals products following a little later, though CME does not confirm exact times until roughly two weeks beforehand.
When is the next CME futures market holiday after Christmas Eve?
Christmas Day, Friday, December 25, 2026, is the next holiday, and it is a full closure across CME Group markets.
Are banks open on Christmas Eve?
US banks are generally open for regular hours on Christmas Eve since it is not a federal holiday, though some branches close early and processing of transfers can slow ahead of the Christmas Day closure.
← Previous CME Futures Holidays

Is the Stock Market Open on Christmas Eve 2026? SIX Swiss Hours
2026-12-24 00:00 - 23:59 (America/New_York)
SIX Swiss Exchange are closed on Thursday, December 24, 2026 for Christmas Eve.

Next holiday
Christmas Day, December 25, 2026
Regular hours
9:00 am to 5:30 pm CET/CEST

Full schedule and background: SIX Swiss Holidays.
Updated September 2, 2026

The SIX Swiss Exchange is closed on Thursday, December 24, 2026 for Christmas Eve. No equities, bonds or derivatives trade on the Swiss market that day, and any order queued for that session will be held and processed when trading resumes. This follows the standard Swiss market calendar published by SIX Group. For the full list of dates, see the SIX Swiss holiday calendar.
Because Christmas Eve falls in the same week as Christmas Day and, this year, close to the New Year period, traders in Zurich, Geneva and Basel face a run of shortened weeks. Settlement of any trade executed on the last open session before December 24 will be pushed back to account for the closure, and investors with pending transfers or fund switches should expect a short delay.
Which markets are closed on Christmas Eve 2026?

Market
Status
Notes

SIX Swiss Exchange (equities)
Closed
No cash equity trading in Zurich

SIX Swiss Exchange (bonds)
Closed
Swiss bond market follows the same exchange calendar

Eurex derivatives (Swiss-linked contracts)
Closed
Eurex typically observes a shortened or closed session around Christmas Eve; check Eurex’s own calendar for confirmation

London Stock Exchange (LSE)
Open (regular hours)
UK markets do not close for Christmas Eve, though volumes are usually thin

Euronext (Paris, Amsterdam, Brussels)
Open (regular hours)
Euronext markets typically trade a full or slightly shortened session on December 24

Tokyo Stock Exchange (TSE)
Open (regular hours)
Japan does not observe Christmas as a market holiday

New York Stock Exchange and Nasdaq
Early close
US markets typically close early at 1:00 pm ET on December 24 when it falls on a weekday, ahead of the Christmas Day holiday

Always check the exchange’s own published calendar close to the date, since some venues adjust hours at short notice around the festive period.
Is the market open the day before and after?
The trading session before December 24, 2026 (Wednesday, December 23) runs on normal Swiss hours of 9:00 am to 5:30 pm CET/CEST. SIX Swiss Exchange then remains closed on December 24 and again on Friday, December 25, 2026 for Christmas Day, so Swiss investors face two consecutive non-trading days. The next open trading session on the Swiss market is expected to be Monday, December 28, 2026, assuming no further holiday falls in between. SIX Swiss Exchange does not typically apply a separate early close on December 24 itself, since the whole day is a closure rather than a shortened session, though market participants should confirm final scheduling on the SIX Group trading calendar closer to the date.
Why do markets close for Christmas Eve?
Christmas Eve closures reflect long-standing European tradition rather than a single piece of legislation. In Switzerland and much of continental Europe, December 24 is treated as part of the wider Christmas period, when banks, exchanges and many businesses either close entirely or operate reduced hours so staff can travel and prepare for the holiday.
Exchange operators such as SIX Group set their annual calendars in advance, balancing continuity of trading with the practical reality that liquidity thins sharply in the days around Christmas. Closing outright on December 24, rather than running a token session, avoids the risk of erratic pricing on very low volume.
What It Means for Your Money
If you have a pending order on a Swiss-listed stock, fund or bond, it will simply wait in the queue and execute once trading resumes, most likely on December 28, 2026. Settlement, the process of finalising ownership and payment after a trade, is delayed by the closure, so anyone relying on cash from a Swiss sale landing in their account should build in an extra day or two.
Dividend payments and any options or futures expiries scheduled around this date may shift to the next business day, so check the specific instrument’s calendar if you hold Swiss-listed derivatives. Bank transfers within Switzerland may also be slower over the holiday period, and payroll runs timed for late December sometimes move earlier to avoid the closure. Cryptocurrency markets are unaffected, since they trade 24 hours a day, seven days a week, regardless of exchange holidays.
Remaining SIX Swiss holidays in 2026

Christmas Day, December 25, 2026 (closed)
New Year’s Eve, December 31, 2026 (closed)

Frequently Asked Questions
Is the stock market open on Christmas Eve 2026?
No, the SIX Swiss Exchange is closed on Thursday, December 24, 2026 for Christmas Eve.
Is the bond market open on Christmas Eve 2026?
No, the Swiss bond market follows the same exchange calendar and is closed alongside equities on December 24, 2026.
What time does the Swiss market close before the holiday?
On the prior trading day, Wednesday, December 23, 2026, SIX Swiss Exchange trades its regular hours of 9:00 am to 5:30 pm CET/CEST, with no early close scheduled ahead of the holiday itself.
When is the next Swiss market holiday after Christmas Eve?
The next closure is Christmas Day on Friday, December 25, 2026, followed by New Year’s Eve on December 31, 2026.
Are Swiss banks open on Christmas Eve 2026?
Many Swiss banks reduce hours or close early on December 24, though this varies by institution, so it is worth checking with your specific bank for branch and transfer cut-off times.

Is the Stock Market Open on Christmas Eve 2026? HKEX Hours
2026-12-24 00:00 - 23:59 (America/New_York)
Hong Kong Stock Exchange close early at 12:00 pm local on Thursday, December 24, 2026 for Christmas Eve (Half-Day Trading).

Next holiday
Christmas Day, December 25, 2026
Regular hours
9:30 am to 12:00 pm and 1:00 pm to 4:00 pm HKT

Full schedule and background: HKEX Holidays.
Updated September 2, 2026

← Previous HKEX Holidays
The Hong Kong Stock Exchange (HKEX) holds half-day trading on Thursday, December 24, 2026, for Christmas Eve. The morning session runs as normal from 9:30 am to 12:00 pm Hong Kong time, but the afternoon session is cancelled and the market closes at 12:00 pm local time. There is no equivalent notion of an ET or London close for this session, since HKEX is a purely local trading day, but 12:00 pm HKT falls at around 4:00 am GMT and 11:00 pm ET the previous evening. Orders not filled by the noon close will need to be re-entered or will carry over, depending on your broker, for the next full trading session. For the full run of dates, see the HKEX holiday calendar.
Which markets are closed on Christmas Eve 2026?

Market
Status
Notes

HKEX equities
Half-day trading
Closes at 12:00 pm HKT, afternoon session cancelled

HKEX derivatives (futures and options)
Half-day trading
Morning session only, in line with the cash market

Stock Connect (Northbound and Southbound)
Half-day trading
Follows the HKEX half-day schedule

New York Stock Exchange and Nasdaq
Open (regular hours)
December 24, 2026 is a normal early-close day only in the US on some years, but is not confirmed as such for 2026 on this calendar; check the NYSE holiday page for confirmation

London Stock Exchange
Open (regular hours)
LSE does not observe a half day for Christmas Eve

Euronext
Open (regular hours)
No scheduled early close for Christmas Eve

Tokyo Stock Exchange
Open (regular hours)
Not a Japanese public holiday

Is the market open the day before and after?
The trading day before Christmas Eve, Wednesday, December 23, 2026, is a normal full session on HKEX with regular hours of 9:30 am to 12:00 pm and 1:00 pm to 4:00 pm HKT. HKEX is then fully closed on Friday, December 25, 2026 for Christmas Day, and remains closed into the weekend. The next trading day after the holiday run is Monday, December 28, 2026, assuming no further closures fall in that window. Investors should note that another half day follows on New Year’s Eve, December 31, 2026, before the market closes fully for New Year’s Day.
Why do markets close for Christmas Eve?
Hong Kong’s exchange calendar reflects both its British colonial history and its role as a major international financial centre with a large expatriate and Christian population. Christmas Day itself is a statutory public holiday in Hong Kong, and HKEX has traditionally shortened the trading session on Christmas Eve to allow staff and traders to prepare for the holiday period, a practice mirrored on New Year’s Eve at the other end of the year.
What It Means for Your Money
If you place an order after 12:00 pm HKT on December 24, it will typically queue for execution when trading resumes, since the afternoon session simply does not run rather than being delayed. Settlement of trades executed on the half day follows Hong Kong’s standard T+2 cycle, so a trade on December 24 should settle roughly two business days later, factoring in the following holiday closures. If you hold Hong Kong-listed shares, dividend record dates and options expiry timings set for this window are unaffected in principle but can shift slightly around holiday clusters, so it is worth checking with your broker. Bank transfers and payroll processing in Hong Kong generally continue on a shortened schedule around this period. Cryptocurrency markets are unaffected, since they trade continuously, 24 hours a day, seven days a week, regardless of stock exchange holidays.
Remaining HKEX holidays in 2026

Christmas Day, December 25, 2026: closed
New Year’s Eve (Half-Day Trading), December 31, 2026: early close at 12:00 pm local

Frequently Asked Questions
Is the Hong Kong stock market open on Christmas Eve 2026?
Yes, but only for a half day. HKEX trades from 9:30 am to 12:00 pm HKT on Thursday, December 24, 2026, then closes for the rest of the day.
What time does HKEX close on Christmas Eve?
Trading ends at 12:00 pm Hong Kong time, with the usual 1:00 pm to 4:00 pm afternoon session cancelled.
Is the bond market open on Christmas Eve in Hong Kong?
HKEX has not published a separate closure notice for bond trading on this date, so fixed income activity generally follows the same shortened equity session.
When is the next HKEX market holiday after Christmas Eve?
The exchange is fully closed the very next day, Friday, December 25, 2026, for Christmas Day.
Are banks open in Hong Kong on Christmas Eve 2026?
Christmas Eve is not a statutory public holiday in Hong Kong, so most banks operate on their normal or slightly adjusted hours, though some branches may close early.
← Previous HKEX Holidays

Is the Stock Market Open on Christmas Eve 2026? Euronext Hours
2026-12-24 00:00 - 23:59 (America/New_York)
Euronext (Paris, Amsterdam, Brussels, Lisbon) close early at 2:05 pm local on Thursday, December 24, 2026 for Christmas Eve (Half Trading Day).

Next holiday
Christmas Day, December 25, 2026
Regular hours
9:00 am to 5:30 pm CET/CEST

Full schedule and background: Euronext Holidays.
Updated September 2, 2026

Euronext markets in Paris, Amsterdam, Brussels and Lisbon operate a shortened session on Thursday, December 24, 2026, closing at 2:05 pm local time (CET) instead of the usual 5:30 pm close, ahead of the Christmas Eve holiday. Orders can still be placed and executed as normal during the shortened session, but anything submitted after 2:05 pm will queue for the next trading day. Settlement of trades follows the standard T+1 cycle from whichever day the trade actually executes. See the full schedule here: Euronext holiday calendar.
Which markets are closed on Christmas Eve 2026?

Market
Status
Notes

Euronext (Paris, Amsterdam, Brussels, Lisbon)
Early close
Closes at 2:05 pm CET instead of 5:30 pm

Euronext derivatives
Early close
Shortened session mirrors the cash market close

Deutsche Bu00f6rse (Xetra)
Closed
Frankfurt observes a full closure on Christmas Eve, according to a market holidays summary published by EODHD

London Stock Exchange (LSE)
Early close
The LSE closes at 12:30 pm, per the EODHD holiday calendar

Tokyo Stock Exchange (TSE)
Open (regular hours)
Japan does not observe Christmas Eve as a special trading day

New York Stock Exchange (NYSE) and Nasdaq
Open (regular hours)
US markets trade a full session on December 24, 2026, a Thursday, with an early close only on December 24 if it fell on Christmas Eve proper in the US calendar; check the NYSE holiday calendar for confirmation

Bonds (Euro area)
Early close
Fixed income desks typically shorten hours in line with the cash equity close

Always check the exchange’s own calendar close to the date, since some venues confirm exact holiday hours only a few months in advance.
Is the market open the day before and after?
Wednesday, December 23, 2026 is a full regular trading day on Euronext, running the usual 9:00 am to 5:30 pm CET session. Thursday, December 24, 2026 is the shortened session described above, closing at 2:05 pm. Friday, December 25, 2026 is Christmas Day and Euronext is fully closed. The next full trading day is Monday, December 28, 2026, since December 26 and 27 fall on a weekend in most years but should be checked against the 2026 calendar; markets generally resume standard 9:00 am to 5:30 pm hours immediately after the holiday.
Why do markets close early on Christmas Eve?
Exchanges across Europe have long shortened trading on Christmas Eve because trading volumes drop sharply as staff, brokers and institutional desks wind down for the holiday period. Rather than force a full session with thin liquidity, Euronext and similar exchanges close early so that settlement and clearing staff can complete year-end processing before the Christmas break. The practice is consistent across most European markets, even though the exact closing time varies by exchange.
What It Means for Your Money
If you place a trade after 2:05 pm CET on December 24, it will not execute until the next open session, so do not assume a same-day fill if you submit an order late in the day. Settlement still follows the standard T+1 timetable, counted from the day the trade actually executes, which can push a Christmas Eve trade’s settlement into the following week once the Christmas closure is factored in. Anyone with options expiring around this date should check whether the shortened session affects the expiry cut-off time, since some contracts settle based on the closing auction. If you hold European shares that pay dividends, ex-dividend dates scheduled for December 24 or the days either side may be affected by the reduced session, so check with your broker. Bank transfers and payroll runs in eurozone countries are generally unaffected by the exchange’s early close, since retail banking hours are separate from stock exchange hours. Cryptocurrency markets are not affected at all, since they trade 24 hours a day, seven days a week, with no holiday closures.
Remaining Euronext holidays in 2026

Christmas Day, December 25, 2026: markets fully closed
New Year’s Eve (Half Trading Day), December 31, 2026: early close at 2:05 pm local time

Frequently Asked Questions
Is the Euronext market open on Christmas Eve 2026?
Yes, but only for a shortened session. Euronext markets in Paris, Amsterdam, Brussels and Lisbon close at 2:05 pm CET instead of the usual 5:30 pm.
What time does Euronext close on December 24, 2026?
Euronext closes at 2:05 pm local time (CET/CEST) on December 24, 2026, one hour earlier than a typical early-close session elsewhere in Europe.
Is the bond market open on Christmas Eve 2026?
Eurozone fixed income desks typically mirror the shortened equity session, though exact bond market hours are set by individual trading platforms and should be confirmed closer to the date.
When is the next Euronext holiday after Christmas Eve?
The next holiday is Christmas Day on December 25, 2026, when Euronext is fully closed.
Are banks open on Christmas Eve 2026?
Bank opening hours vary by country and institution across the eurozone, so check with your local bank, though most retail banks in France, Belgium and the Netherlands operate reduced or normal hours that are separate from exchange trading hours.

Is the Stock Market Open on Christmas Eve 2026? ASX Hours
2026-12-24 00:00 - 23:59 (America/New_York)
Australian Securities Exchange close early at 2:10 pm local on Thursday, December 24, 2026 for Christmas Eve (Early Close).

Next holiday
Christmas Day, December 25, 2026
Regular hours
10:00 am to 4:00 pm AEST/AEDT (closing auction to ~4:12 pm)

Full schedule and background: ASX Holidays.
Updated September 2, 2026

The Australian Securities Exchange (ASX) is open on Thursday, December 24, 2026, but trading closes early at 2:10 pm local time instead of the usual 4:00 pm close, ahead of the Christmas break. Orders placed after the early cut-off will queue for the next session, and the following trading day is affected by the Christmas Day closure. This page is part of the ASX Holidays calendar, which tracks every closure and early close for the year.
Regular ASX trading hours run from 10:00 am to 4:00 pm AEST/AEDT, with a closing auction that usually runs to around 4:12 pm. On December 24, that entire schedule is compressed: normal trading ceases at 2:10 pm, followed by the closing single price auction shortly after, according to ASX’s official trading calendar.
Which markets are closed on Christmas Eve 2026?

Market
Status
Notes

ASX equities (cash market)
Early close
Trading ceases at 2:10 pm local, closing auction shortly after

ASX 24 (futures)
Early close
Day session shortened to match the cash market early close

ASX options
Early close
Follows the equities market schedule

ASX Market Announcements Office
Early close
Closes at 4:30 pm local instead of the usual later time

London Stock Exchange (LSE)
Open (regular hours)
UK markets typically close early on December 24 only if it falls on a weekday close to the holiday period; check the LSE calendar for confirmation

Euronext
Open (regular hours)
No scheduled Christmas Eve closure unless confirmed by Euronext’s calendar

Tokyo Stock Exchange (TSE)
Open (regular hours)
Japan does not observe Christmas as a market holiday

Is the market open the day before and after?
The trading day before Christmas Eve, Wednesday, December 23, 2026, follows normal ASX hours of 10:00 am to 4:00 pm. December 24 itself is the early close day, with trading ceasing at 2:10 pm local time. The ASX is then fully closed on Friday, December 25, 2026 for Christmas Day, and closed again on Monday, December 28, 2026 for the Boxing Day substitute holiday, since December 26 falls on a Saturday. The next full trading session after Christmas Eve is Tuesday, December 29, 2026.
Why do markets close for Christmas Eve?
Christmas Eve is not a full public holiday in Australia, but the ASX shortens trading hours to allow staff, brokers and back-office teams to finish early ahead of the Christmas period. Shortened sessions on the days flanking major holidays are common across global exchanges, reducing liquidity and trading volumes as many market participants have already left for the break.
What It Means for Your Money
If you place an order on the ASX after 2:10 pm on December 24, it will not execute until the next open session, which is affected by the Christmas Day closure and falls on December 29, 2026. Settlement of trades follows the standard T+2 cycle in Australia, so a trade executed on December 24 typically settles on December 28, though the intervening closures can shift this. Dividend payments and options expiries scheduled for this window may be processed slightly differently by your broker, so check with them directly if you hold ASX-listed securities. Bank transfers and payroll processing in Australia generally follow business banking days, so a holiday closure can delay non-urgent payments by a day. Cryptocurrency markets are unaffected, as they trade 24 hours a day, seven days a week, regardless of stock exchange holidays.
Remaining ASX holidays in 2026

Christmas Day, closed, Friday, December 25, 2026
Boxing Day (Substitute), closed, Monday, December 28, 2026
New Year’s Eve, early close at 2:10 pm local, Thursday, December 31, 2026

Frequently Asked Questions
Is the stock market open on Christmas Eve 2026?
Yes, the ASX is open on December 24, 2026, but trading closes early at 2:10 pm local time instead of the usual 4:00 pm.
Is the bond market open on Christmas Eve 2026?
ASX 24 bond futures follow the same shortened day-session schedule as the equities market on Christmas Eve.
What time does the ASX close on Christmas Eve 2026?
The ASX ceases normal trading at 2:10 pm local time on December 24, 2026, followed shortly by the closing auction.
When is the next ASX market holiday after Christmas Eve 2026?
The next holiday is Christmas Day on Friday, December 25, 2026, when the ASX is fully closed.
Are Australian banks open on Christmas Eve 2026?
Most Australian banks remain open for regular hours on Christmas Eve, though some branches may close earlier ahead of the holiday period.

Is the Stock Market Open on Christmas Eve 2026? TSX Hours
2026-12-24 00:00 - 23:59 (America/New_York)
Toronto Stock Exchange close early at 1:00 pm local on Thursday, December 24, 2026 for Christmas Eve (Early Close).

Next holiday
Christmas Day, December 25, 2026
Regular hours
9:30 am to 4:00 pm ET

Full schedule and background: TSX Holidays.
Updated September 2, 2026

← Previous TSX Holidays
The Toronto Stock Exchange (TSX) and TSX Venture Exchange close early at 1:00 pm local time (ET) on Thursday, December 24, 2026, for Christmas Eve. Regular trading hours resume the next open session. This is an early close, not a full closure, so trading takes place normally from 9:30 am until the 1:00 pm cut-off. Full details of all TSX closures and early closes this year are on the TSX Holidays calendar.
Orders placed after 1:00 pm on December 24 will not be filled until the market reopens. Because the exchange is fully closed the following day for Christmas Day, the next full trading session is not until after the holiday period, so trades executed late on December 24 and any orders queued for December 25 carry over accordingly.
Which markets are closed on Christmas Eve 2026?

Market
Status
Notes

TSX equities
Early close
Closes at 1:00 pm ET instead of 4:00 pm

TSX Venture Exchange
Early close
Closes at 1:00 pm ET

TSX Alpha Exchange
Early close
Closes at 1:30 pm ET

Montréal Exchange (derivatives)
Early close
Markets close at 1:00 pm, with some products such as Basis Trade on Close settling at 12:30 pm and Sector Index Futures at 1:30 pm

NYSE and Nasdaq
Early close
US equity markets typically close at 1:00 pm ET on Christmas Eve when it falls on a weekday

SIFMA-recommended bond market (US)
Early close
US bond markets usually recommend a 2:00 pm ET close on Christmas Eve

London Stock Exchange (LSE)
Early close
The LSE typically closes early on Christmas Eve

Euronext
Early close
Euronext markets usually shorten trading hours on December 24

Tokyo Stock Exchange (TSE)
Open (regular hours)
Japan does not observe Christmas as a market holiday

Is the market open the day before and after?
Wednesday, December 23, 2026, is a regular full trading day on the TSX, with normal hours from 9:30 am to 4:00 pm ET. The exchange then closes early at 1:00 pm on Thursday, December 24. It is fully closed on Friday, December 25, 2026, for Christmas Day. Because December 26 falls on a Saturday, Boxing Day is observed on Monday, December 28, 2026, when the TSX is also closed. The next regular full trading session on the TSX after the early close is not until Tuesday, December 29, 2026.
Why do markets close for Christmas Eve?
Christmas Eve early closes are a long-standing convention across North American and European exchanges, allowing staff and traders to leave in good time before the Christmas holiday itself. Trading volumes are typically thin in the final hours before a holiday, so exchanges shorten the session rather than close entirely, keeping some liquidity available for investors who need to adjust positions before the market shuts fully for Christmas Day.
The practice reflects a broader pattern seen at year end, when several exchanges, including the TSX, also shorten hours on New Year’s Eve. It is a scheduling convention rather than a regulatory requirement, and exchanges confirm the exact early-close time each year through their official calendars.
What It Means for Your Money
If you place an order after 1:00 pm ET on December 24, it will simply wait in the queue and be processed when the market next opens for full trading. Settlement of Canadian equity trades generally follows a T+1 cycle, so a trade executed on December 24 should still settle within the normal timeframe, though the intervening holiday closures on December 25 and 28 can push the settlement date slightly later than usual. Dividend payment dates and options expiries scheduled around this period are unaffected by the early close itself, but investors holding options or futures contracts that expire near the holiday should check the specific cut-off times, since Montréal Exchange derivatives close earlier still. Canadian bank branches typically operate on their own holiday schedule rather than the exchange’s, so bank transfers and payroll processing may follow separate cut-off times around Christmas. Cryptocurrency markets are unaffected by exchange holidays and continue trading 24 hours a day, seven days a week.
Remaining TSX holidays in 2026

Christmas Day, closed, Friday, December 25, 2026
Boxing Day (observed), closed, Monday, December 28, 2026

Frequently Asked Questions
Is the stock market open on Christmas Eve 2026?
Yes, the TSX is open on December 24, 2026, but it closes early at 1:00 pm local time instead of the usual 4:00 pm.
Is the bond market open on Christmas Eve?
Canadian and US bond markets typically follow their own early-close recommendations on Christmas Eve, often closing a little later than the equity market, around mid-afternoon.
What time does the TSX close on December 24, 2026?
The TSX and TSX Venture Exchange close at 1:00 pm ET, while TSX Alpha Exchange closes at 1:30 pm ET.
When is the next TSX market holiday after Christmas Eve?
The next holiday is Christmas Day on December 25, 2026, when the TSX is fully closed, followed by the Boxing Day observance on December 28, 2026.
Are Canadian banks open on Christmas Eve?
Most Canadian bank branches operate on reduced hours or their own holiday schedule around Christmas Eve, which can differ from the stock exchange’s early close.
← Previous TSX Holidays

US Initial Jobless Claims: December 24, 2026
2026-12-24 08:30 - 09:30 (America/New_York)
Next US Initial Jobless Claims: Thursday, December 24, 2026 at 8:30 am ET (1:30 pm London).

Consensus
Not yet published
Prior
203,000 (week ending August 22, 2026, most recent confirmed reading)
Actual
Pending

Full schedule and background: US Initial Jobless Claims.
Updated September 2, 2026

← Previous US Initial Jobless Claims
The US Department of Labor publishes the weekly Initial Jobless Claims report on Thursday, December 24, 2026, at 8:30 am ET (1:30 pm London time). The release covers new applications for unemployment benefits filed in the week ending December 19, 2026. It is one of the most closely watched real-time gauges of the US labour market, and this particular release falls in a holiday-shortened week, which can add extra noise to the seasonally adjusted figures. Full schedule and background: US Initial Jobless Claims.
What is the consensus forecast?
Because this release is still weeks away, no consensus forecast has yet been published. Economists surveyed by data providers such as Bloomberg and FactSet typically issue their weekly forecasts only a day or two before each release, so a specific number for the week ending December 19, 2026 will not be available until closer to the date.
For context, the most recent confirmed reading available at the time of writing showed initial claims at 203,000 for the week ending August 22, 2026, against a forecast of 208,000, according to Investing.com’s economic calendar. Continuing claims, which measure people still receiving benefits after their first week, stood at around 1,777,000 in the prior reported week, according to Trading Economics. Both figures will have moved by December, but they illustrate the range in which claims have been running through 2026.

Measure
Prior (most recent confirmed)
Consensus

Initial claims
203,000 (week ending August 22, 2026)
Not yet published

Continuing claims
Approx. 1,777,000
Not yet published

What the result could mean

Scenario
Likely market read
Plain-English meaning

Above consensus
Bond yields may fall, dollar could soften, seen as dovish for the Fed
More people than expected lost their jobs or filed for benefits, a sign the labour market is cooling faster than thought

In line with consensus
Limited market reaction
The labour market is behaving broadly as expected, no major shift in the outlook

Below consensus
Yields may rise, dollar could firm, seen as a sign of continued labour market strength
Fewer people filed for benefits than expected, suggesting employers are still holding on to staff

Why it matters this week
Weekly claims have generally hovered in a range of roughly 200,000 to 230,000 through 2026, a level most economists consider consistent with a labour market that is cooling gradually rather than deteriorating sharply. A Reuters and Bloomberg survey cycle around each release has repeatedly shown forecasts clustering close to the prior week’s outturn, reflecting how stable the series has been compared with the more volatile early pandemic years.
The Federal Reserve watches this data closely because claims are one of the timeliest signals of layoffs, arriving weeks ahead of the monthly jobs report. A holiday week reading, such as this one covering the period around Christmas, can be distorted by seasonal adjustment factors and lower processing volumes at state unemployment offices, so analysts often treat late-December claims figures with some caution and wait for the following week’s data to confirm any trend.
What It Means for Your Money
For most people, a single week’s jobless claims figure will not move mortgage rates or savings accounts on its own, but persistent trends in this data feed into how the Federal Reserve sets interest rates. If claims rise steadily over several weeks, it increases the chance of future rate cuts, which can eventually lower borrowing costs on mortgages, car loans and credit cards, but may also mean lower returns on savings accounts.
For investors, weaker labour market data can support share prices in the short term if it raises expectations of lower interest rates, though a sharp deterioration would usually be read as a warning sign for company earnings and consumer spending. Outside the US, a softer American jobs picture typically weighs on the dollar, which can make imports cheaper for UK and eurozone households but also affects the value of any dollar-denominated investments or pensions held by international savers.
If you or someone you know has recently been laid off, this report does not affect individual benefit claims directly, but it does offer a broader signal of how easy or hard it currently is to find new work across the wider economy.
Frequently Asked Questions
What time is the December 24, 2026 jobless claims report released?
The Department of Labor releases the report at 8:30 am ET, which is 1:30 pm in London.
What counts as a big miss from consensus?
Economists generally consider a move of more than 15,000 to 20,000 above or below the consensus forecast a significant surprise for this weekly series, given how narrow the typical range of estimates tends to be.
When is the next jobless claims report?
The Department of Labor publishes a new initial claims report every Thursday. The previous release covering the week ending December 17, 2026 can be found here: US Initial Jobless Claims: December 17, 2026.
Why does this release fall in a holiday week?
The Department of Labor maintains its regular Thursday publication schedule even around the Christmas holiday, though staffing and filing patterns at state offices can add extra volatility to the seasonally adjusted number.
← Previous US Initial Jobless Claims

NYSE/NASDAQ: Christmas 2026
2026-12-25 00:00 - 23:59 UTC
NYSE & Nasdaq are closed on Friday, December 25, 2026 for Christmas Day.

Bond market
Closed
Next holiday
New Year's Day, January 1, 2027
Regular hours
9:30 am to 4:00 pm ET

Full schedule and background: Stock Market Holidays.
Updated August 25, 2026

US equity and derivatives markets will be fully closed on Friday, December 25, 2026, for Christmas Day, a federal public holiday. The New York Stock Exchange (NYSE) and the Nasdaq will also close early at 1:00 p.m. Eastern Time on Thursday, December 24, 2026, Christmas Eve. The two-day closure pattern — an early close on Christmas Eve followed by a full closure on Christmas Day — is a consistent feature of the US market holiday calendar and creates a three-day trading break from Thursday afternoon, December 24, through Sunday, December 27. Full normal trading hours resume on Monday, December 28, 2026. The closure falls in the final week of 2026, a period already characterised by light volumes and year-end portfolio positioning.
What is the NYSE Christmas Holiday?
Christmas Day, December 25, is one of nine annual market holidays observed by the NYSE Group. It is a federal public holiday in the United States and a public holiday across most of the world’s major financial centres, making Christmas one of the few dates when global equity markets in New York, London, Frankfurt, Tokyo, and Sydney are simultaneously closed or operating on reduced hours. The consistency of closures across jurisdictions makes the Christmas week a low-liquidity period for cross-border trading, FX execution, and international settlement.
In 2026, Christmas Day falls on a Friday. When December 25 is a Friday, the market observes the standard Christmas closure on the day itself, with an early close of 1:00 p.m. Eastern Time on the preceding Thursday, December 24. This gives the Christmas 2026 market break a particularly extended character: markets close early on the afternoon of Thursday, December 24, are fully closed on Friday, December 25, and do not reopen until Monday, December 28, creating a two-and-a-half-day effective closure for equity market participants.
The week of December 28 is the final trading week of 2026, covering December 28, 29, 30, and 31 — with the last trading day of the year on Thursday, December 31. This period is historically marked by very thin volumes, year-end rebalancing activity, index reconstitution effects, and the so-called Santa Claus rally window, which many market observers define as the final five trading days of one year and first two of the next.
At a Glance

Early close: Thursday, December 24, 2026 at 1:00 p.m. Eastern Time (1:15 p.m. for eligible options)
Full market closure: Friday, December 25, 2026 (Christmas Day)
Markets closed: NYSE, Nasdaq, CBOE, US options exchanges, US bond markets (SIFMA full close)
CME futures: Equity futures early close December 24; closed December 25; reopen Sunday, December 27 at 5:00 p.m. CT
Next full trading session: Monday, December 28, 2026
Final trading day of 2026: Thursday, December 31, 2026

Christmas 2026: Markets and Trading Schedule
The NYSE Group has designated Friday, December 25, 2026, as a full market holiday, and Thursday, December 24, as an early-close day. On December 24, equity trading will proceed normally from the 9:30 a.m. Eastern opening until the early close at 1:00 p.m. Eastern Time. Options markets will close at 1:15 p.m. Eastern Time. No late-day session or extended hours will be available on December 24. On December 25, all trading will be suspended entirely.
The Securities Industry and Financial Markets Association (SIFMA) recommends a 2:00 p.m. Eastern Time early close for US Treasury and fixed income markets on December 24, and a full close on December 25. Bond market participants should plan accordingly: trades executed in the morning of December 24 may face delayed settlement due to the early close, and transactions in progress through year-end should account for the Christmas window when calculating settlement dates and counterparty obligations.
CME Group equity index futures will operate on an abbreviated schedule around Christmas. Futures typically enter an early close period on December 24 and are fully closed December 25, reopening for electronic trading on Sunday, December 27, at 5:00 p.m. Central Time (6:00 p.m. Eastern). Traders in commodity futures, interest rate futures, and foreign exchange futures should verify specific holiday schedules with CME Group, as product-specific rules may differ from the equity futures schedule.
Why the Christmas Week Matters for Markets
The week of December 21-25, 2026, coincides with the end of the key December economic data flow and arrives immediately after the major central bank decisions of 2026. The FOMC Rate Decision December 2026 is scheduled for December 9-10, and the Bank of England MPC Rate Decision December 2026 follows on December 17. By Christmas week, the full monetary policy backdrop for 2026 will be established. Equity, bond, and currency markets will enter the holiday with known policy rates and forward guidance from the world’s major central banks, making the Christmas closure period primarily about year-end positioning rather than policy surprise risk.
Year-end rebalancing is the dominant theme in the days surrounding Christmas. Institutional investors — including pension funds, sovereign wealth funds, and multi-asset allocators — must bring portfolios in line with target weights before December 31. This can produce atypical buying or selling pressure in certain asset classes, particularly in equities with large year-to-date gains or losses, and in government bond markets as funds adjust duration. The combination of these flows with low liquidity in Christmas week can amplify short-term price movements that do not reflect fundamental changes in value.
The US Personal Income and Outlays (PCE) report for December 2026 is scheduled for release on December 23, two days before Christmas. This report includes the Federal Reserve’s preferred measure of inflation (the PCE price index) and will be the last major economic data print before year-end. Markets may enter the Christmas break with either relief or concern depending on this reading, as a significant surprise to the PCE figure close to year-end can shift 2027 rate expectations before participants return in January.
The Christmas-to-New-Year Trading Window
The period from December 28 to December 31 — the four trading days between Christmas and New Year — is one of the most unusual stretches of the financial calendar. Volumes are at their annual lows, with many institutional desks operating on skeleton staffing and the bulk of macro trading activity already concluded before the holiday. Price movements during this period are often driven by index rebalancing, tax-loss harvesting, and window dressing (fund managers adjusting holdings to reflect well for year-end reports) rather than by fundamental news.
The Santa Claus rally — commonly defined as a tendency for the S&P 500 to generate positive returns in the final five trading days of one year and first two of the next — is widely discussed but historically inconsistent in magnitude and reliability. Whether such a pattern materialises in 2026 will depend heavily on the macro environment entering year-end: in years where inflation, recession risk, or monetary tightening have been dominant themes, the seasonal tendency has frequently been overridden by fundamental pressures. Investors should treat seasonals as a backdrop context rather than a reliable trading signal.
Settlement and Operational Implications
The early close on December 24 and the full closure on December 25 create specific settlement timing for equity trades. Under T+1 settlement rules, trades executed on the full session of Thursday, December 24 (before 1:00 p.m. Eastern), will settle on Monday, December 28, with the Friday holiday excluded from the settlement count. Trades executed before the 1:00 p.m. early close must go through the settlement system as normal, and same-day settlement requests will not be accommodated for the post-Christmas holidays.
Year-end settlement pressure is an additional consideration. Trades that must settle before December 31 — to book year-end gains or losses, satisfy regulatory capital requirements, or meet fund reporting deadlines — need to be executed no later than December 30, the second-to-last trading day of 2026. Operations and treasury teams should build a settlement schedule around the Christmas closure and the short final trading week to avoid unintended year-end timing issues.
Related Events

FOMC Rate Decision December 2026 — The Federal Reserve’s final policy meeting of 2026, establishing the interest rate backdrop heading into the Christmas and year-end period.
US Personal Income and Outlays (PCE) December 2026 — Released December 23, just before Christmas; the last major economic data print of 2026 and a key input to 2027 rate expectations.
Bank of England MPC Rate Decision December 2026 — The UK’s final monetary policy decision of 2026, shaping cross-Atlantic rate differentials into the holiday period and new year.

Frequently Asked Questions
When do US markets close for Christmas 2026?
US equity markets close early at 1:00 p.m. Eastern Time on Thursday, December 24, 2026 (Christmas Eve). Markets are fully closed on Friday, December 25, 2026 (Christmas Day). The next full trading session is Monday, December 28, 2026, which opens at 9:30 a.m. Eastern Time as normal. Options markets close at 1:15 p.m. Eastern Time on December 24.
Do global markets also close for Christmas?
Most of the world’s major equity exchanges close on or around December 25, though the specific dates vary by country. The London Stock Exchange (LSE) closes on December 25 and December 26 (Boxing Day). Euronext exchanges (Paris, Amsterdam, Brussels) typically close on December 25. The Tokyo Stock Exchange and the Australian Securities Exchange (ASX) do not observe Christmas as a market holiday and trade normally. Currency and FX markets, while technically open 24 hours, experience significantly reduced liquidity around Christmas as European and US bank traders are absent. International investors should verify market hours for each jurisdiction.
What is the last trading day of 2026?
The last trading day of 2026 is Thursday, December 31, 2026. US equity markets will be open for a normal session from 9:30 a.m. to 4:00 p.m. Eastern Time. New Year’s Day 2027 falls on a Friday, January 1, which will be a full market holiday. Markets reopen on Monday, January 4, 2027.

Is the Stock Market Open on Christmas Day 2026? Xetra Hours
2026-12-25 00:00 - 23:59 (America/New_York)
Frankfurt Stock Exchange (Xetra) are closed on Friday, December 25, 2026 for Christmas Day.

Next holiday
New Year's Eve, December 31, 2026
Regular hours
9:00 am to 5:30 pm CET/CEST (Xetra); Frankfurt floor to 8:00 pm

Full schedule and background: Xetra Holidays.
Updated September 2, 2026

← Previous Xetra Holidays
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.
← Previous Xetra Holidays

Is the Stock Market Open on Christmas Day 2026? HKEX Hours
2026-12-25 00:00 - 23:59 (America/New_York)
Hong Kong Stock Exchange are closed on Friday, December 25, 2026 for Christmas Day.

Next holiday
New Year's Eve (Half-Day Trading), December 31, 2026
Regular hours
9:30 am to 12:00 pm and 1:00 pm to 4:00 pm HKT

Full schedule and background: HKEX Holidays.
Updated September 2, 2026

← Previous HKEX Holidays
The Hong Kong Stock Exchange (HKEX) is closed on Friday, December 25, 2026 for Christmas Day. This is a full-day market holiday, meaning no trading takes place in equities, derivatives or most other products listed on the exchange. Any orders placed on this date will simply queue and be processed when the market reopens for the next trading session. For the full run of dates, see the HKEX holiday calendar.
Because HKEX is shut, trade settlement that would normally occur on or around December 25 is pushed back by one business day. Investors holding Hong Kong-listed shares, exchange-traded funds or derivatives should expect settlement timelines (typically T+2 for cash equities) to be adjusted around the closure. There is no partial or early-close session on Christmas Day itself; the market simply does not open.
Which markets are closed on Christmas Day 2026?

Market
Status
Notes

HKEX equities
Closed
No cash equity trading on the Main Board or GEM

HKEX derivatives (futures and options)
Closed
Hang Seng Index and other listed derivatives do not trade

Hong Kong bond market
Closed
Government and corporate bond trading follows the exchange closure

London Stock Exchange (LSE)
Closed
UK markets also observe Christmas Day as a public holiday

Euronext
Closed
European exchanges close for Christmas Day

Tokyo Stock Exchange (TSE)
Open (regular hours)
Japan does not observe Christmas as a market holiday

NYSE and Nasdaq
Closed
US markets also close for Christmas Day

This means that on December 25, 2026, most of the major Western financial centres, Hong Kong included, will be shut simultaneously, while some Asian markets such as Tokyo continue to trade on their normal schedule. Investors with globally diversified portfolios should check the specific holiday calendar for each exchange they are exposed to, since Christmas closures are not universal across all regions.
Is the market open the day before and after?
The trading day before Christmas, December 24, 2026, is Christmas Eve, which HKEX observes with a half-day session, closing early at 12:00 pm Hong Kong time rather than the usual 4:00 pm close. Regular HKEX trading hours are normally 9:30 am to 12:00 pm and 1:00 pm to 4:00 pm HKT, but the exchange closes the entire market during the mid-session break on early-close days like Christmas Eve rather than reopening for the afternoon block.
HKEX reopens for normal full-day trading on the next business day following Christmas, assuming no other holiday falls immediately afterwards. The next scheduled non-trading or shortened session after Christmas Day is New Year’s Eve, December 31, 2026, which is also a half-day trading session with an early close at 12:00 pm Hong Kong time.
Why do markets close for Christmas Day?
Christmas Day is one of the most widely observed public holidays across the world’s major financial centres, reflecting the historical and cultural significance of the holiday in many of the jurisdictions where these exchanges operate. Hong Kong, as a former British colony, retained a number of Western holiday observances, including Christmas Day, alongside its own traditional Chinese holidays such as Lunar New Year.
Exchanges generally close on days when the majority of market participants, from brokers to institutional traders to back-office settlement staff, would otherwise be away from work. This reduces the risk of thin trading, unusually wide spreads and operational errors that could arise from skeleton staffing on a day when liquidity would be unusually low.
What It Means for Your Money
If you place an order through a broker on Christmas Day, it will not execute immediately. Instead it sits in a queue and is processed once HKEX reopens for its next trading session. This is important if you are trying to react quickly to news, since your trade will effectively be delayed by however many days the market remains shut.
Settlement of trades, dividend payments and options expiries that would ordinarily fall on December 25 are shifted to the next business day, which can matter if you are relying on the timing of a payout or need funds to clear for another purpose. Bank transfers and other payment processing tied to Hong Kong’s banking system may also be slower around the holiday, since banks typically follow the same closure. Note that this only affects traditional markets; cryptocurrency exchanges continue to trade 24 hours a day, seven days a week, including on Christmas Day, so crypto holders are not affected by this closure in the same way.
Remaining HKEX holidays in 2026

New Year’s Eve (Half-Day Trading), December 31, 2026 (early close at 12:00 pm HKT)

Frequently Asked Questions
Is the stock market open on Christmas Day 2026 in Hong Kong?
No, HKEX is fully closed on Friday, December 25, 2026 for Christmas Day.
Is the bond market open on Christmas Day?
No, the Hong Kong bond market follows the exchange’s closure and does not trade on Christmas Day.
What time does HKEX close on Christmas Eve?
HKEX observes a half-day session on Christmas Eve, December 24, 2026, closing early at 12:00 pm Hong Kong time.
When is the next HKEX market holiday after Christmas?
The next scheduled shortened session is New Year’s Eve, December 31, 2026, with an early close at 12:00 pm Hong Kong time.
Are banks open in Hong Kong on Christmas Day?
Banks in Hong Kong typically observe the same public holiday as the stock exchange and are closed on Christmas Day.
← Previous HKEX Holidays

Is the Stock Market Open on Christmas 2026? NSE India Hours
2026-12-25 00:00 - 23:59 (America/New_York)
NSE India are closed on Friday, December 25, 2026 for Christmas.

Next holiday
Republic Day, January 26, 2027
Regular hours
9:15 am to 3:30 pm IST

Full schedule and background: NSE India Holidays.
Updated September 2, 2026

← Previous NSE India Holidays
The National Stock Exchange of India (NSE) is closed on Friday, December 25, 2026 for Christmas. This applies to the equity, derivatives and currency segments, and the Bombay Stock Exchange (BSE) observes the same closure. No cash market, futures or options trading takes place on NSE India that day, and any pending orders will queue for the next trading session. For the full year-round schedule, see the NSE India holiday calendar.
Because Christmas falls on a Friday in 2026, Indian markets will have a three-day weekend, with trading resuming on Monday, December 29, 2026. Investors placing orders on December 25 through their broker’s app or terminal will see those orders held until the market reopens, and settlement of any trades executed on December 24 will follow the normal T+1 cycle into the reopening session.
Which markets are closed on Christmas 2026?

Market
Status
Notes

NSE India (equities)
Closed
Cash market shut for Christmas

NSE India (derivatives, currency)
Closed
No F&O or currency trading

BSE (Bombay Stock Exchange)
Closed
Observes the same holiday as NSE

MCX (commodities)
Closed
Commodity derivatives trading halted for the day

London Stock Exchange (LSE)
Closed
UK observes Christmas Day as a bank holiday

Euronext (Paris, Amsterdam, Brussels)
Closed
European exchanges close for Christmas

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 also close for Christmas Day

Is the market open the day before and after?
NSE India trades regular hours, 9:15 am to 3:30 pm IST, on Thursday, December 24, 2026, with no scheduled early close. The exchange reopens for normal trading at 9:15 am IST on Monday, December 29, 2026. There is no half-day session built into the NSE calendar around Christmas, unlike some US exchanges that shorten trading on the day before certain holidays.
Why do markets close for Christmas?
Christmas is a public holiday across much of the world, including India, where it is a gazetted national holiday. NSE and BSE follow a fixed annual holiday list published in advance, which includes major religious and national observances relevant to India’s diverse population alongside days such as Republic Day and Independence Day. Closing the market on Christmas reflects both the public holiday status and long-standing exchange practice of aligning trading days with bank and government office closures.
What It Means for Your Money
If you hold Indian shares or mutual funds linked to NSE-listed stocks, nothing will change in your portfolio’s value while the market is shut. Any buy or sell orders placed on Christmas will simply wait in the queue and execute once trading resumes on December 29. Settlement of trades from December 24 continues on its normal T+1 timetable, meaning funds and shares move into accounts on the next working day after the trade, adjusted for the holiday. If you have systematic investment plan (SIP) instalments or dividend payments scheduled for December 25, these are typically processed by fund houses and companies with the holiday factored in, so there should be no need to take action. Bank transfers within India may also be slower on Christmas Day itself, since many banks observe the holiday, though online transfers usually still clear. Anyone trading cryptocurrency is unaffected, as those markets run 24 hours a day, seven days a week, unlike regulated stock exchanges. For most retail investors, a market holiday simply means a short pause rather than any change in the underlying value of investments.
Remaining NSE India holidays in 2026
Christmas is the final scheduled trading holiday for NSE India in the 2026 calendar year. The next confirmed closure is Republic Day, January 26, 2027, when the exchange will again be shut for the national holiday. For the complete list of dates throughout the year, bookmark the NSE India holiday calendar.
Frequently Asked Questions
Is the stock market open on Christmas Day 2026 in India?
No. NSE India and BSE are both closed on Friday, December 25, 2026 for Christmas.
What time does NSE India close on Christmas Eve?
NSE India trades its regular hours, 9:15 am to 3:30 pm IST, on December 24, 2026, with no early close scheduled.
When is the next NSE India market holiday after Christmas?
The next scheduled closure is Republic Day on January 26, 2027, according to the exchange’s published holiday list.
Are Indian banks open on Christmas Day?
Most Indian banks observe Christmas as a holiday and are closed for branch services, though digital and online banking generally continues to operate.
Does the commodity market MCX also close for Christmas?
Yes. MCX, India’s commodity derivatives exchange, follows a holiday schedule aligned with NSE and is closed on December 25, 2026.
← Previous NSE India Holidays

Is the Stock Market Open on Christmas Day 2026? ASX Hours
2026-12-25 00:00 - 23:59 (America/New_York)
Australian Securities Exchange are closed on Friday, December 25, 2026 for Christmas Day.

Next holiday
Boxing Day (Substitute), December 28, 2026
Regular hours
10:00 am to 4:00 pm AEST/AEDT (closing auction to ~4:12 pm)

Full schedule and background: ASX Holidays.
Updated September 2, 2026

The Australian Securities Exchange (ASX) is closed on Friday, December 25, 2026 for Christmas Day. No cash equities, options or ASX 24 futures trading takes place, and no orders placed that day will be executed or matched until the exchange reopens. Because Boxing Day (December 26) falls on a Saturday in 2026, the substitute public holiday is observed on Monday, December 28, 2026, so the ASX stays closed for two consecutive trading days. Full 2026 dates and background are on the ASX Holidays calendar.
Any buy or sell orders entered on December 25 sit in the queue and are processed once trading resumes on Tuesday, December 29, 2026, the next open session after the Boxing Day substitute holiday.
Which markets are closed on Christmas Day 2026?

Market
Status
Notes

ASX equities (cash market)
Closed
No trading or settlement

ASX 24 (futures and options)
Closed
Follows the cash market holiday calendar

ASX options
Closed
No exercise or expiry processing

New York Stock Exchange and Nasdaq
Closed
Both close for Christmas Day

London Stock Exchange (LSE)
Closed
UK market holiday

Euronext
Closed
Paris, Amsterdam and other Euronext venues close

Tokyo Stock Exchange (TSE)
Open (regular hours)
Japan does not observe Christmas as a market holiday

Is the market open the day before and after?
The trading session on Thursday, December 24, 2026 is expected to have a shortened session, with ASX typically bringing forward the closing single price auction to around 2:10 pm AEDT on the days either side of Christmas and New Year, according to an ASX Trade notice on holiday-period trading hours. The exchange then closes fully on Friday, December 25 and Monday, December 28 (the Boxing Day substitute holiday), with the next full trading day on Tuesday, December 29, 2026 running to the usual 10:00 am to 4:00 pm close described in the brief.
Why do markets close for Christmas Day?
Christmas Day is one of the oldest and most widely observed public holidays across financial markets worldwide, reflecting its status as a statutory holiday in Australia and most Western economies. Exchanges close so that staff, brokers and clearing houses can observe the holiday alongside the rest of the workforce, and because global liquidity thins sharply as US, UK and European venues close at the same time, leaving little reason to keep local order books open.
What It Means for Your Money
If you hold Australian shares through a broker or superannuation fund, nothing changes in value while the market is shut, prices simply freeze until trading reopens on December 29. Any pending trade settles on the normal T+1 cycle once the market reopens, so a trade placed just before the holiday may settle a day or two later than usual. Dividend record dates and options expiries scheduled near Christmas are typically shifted to the nearest trading day by the exchange, so check the specific stock or contract if you are relying on a particular date. Bank transfers and payroll processing can also be slower around the holiday period because banks observe the same public holidays. Cryptocurrency markets are the exception: they trade 24/7, including on Christmas Day, unaffected by exchange closures.
Remaining ASX holidays in 2026

Boxing Day (Substitute), Monday, December 28, 2026: closed
New Year’s Eve, Thursday, December 31, 2026: early close (around 2:10 pm AEDT)

Frequently Asked Questions
Is the stock market open on Christmas Day 2026?
No, the ASX is closed on Friday, December 25, 2026 for the Christmas Day public holiday.
Is the bond market open on Christmas Day?
Australian bond and money markets follow the same public holiday schedule as the ASX and are closed on December 25, 2026.
What time does the ASX close before Christmas?
ASX historically brings the closing auction forward to around 2:10 pm AEDT on the trading day before Christmas, based on past holiday-period trading notices from the exchange.
When is the next ASX market holiday after Christmas?
The next closure is Boxing Day (observed as a substitute holiday), which falls on Monday, December 28, 2026 because the actual Boxing Day date lands on a Saturday.
Are Australian banks open on Christmas Day?
No, Australian banks are closed on December 25, 2026 along with the stock exchange, as Christmas Day is a nationwide public holiday.

Is the Stock Market Open on Christmas Day 2026? SIX Swiss Hours
2026-12-25 00:00 - 23:59 (America/New_York)
SIX Swiss Exchange are closed on Friday, December 25, 2026 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: SIX Swiss Holidays.
Updated September 2, 2026

← Previous SIX Swiss Holidays
The SIX Swiss Exchange is closed on Friday, December 25, 2026 for Christmas Day. No equities, bonds or derivatives trade on the Swiss market that day, and any orders entered will queue for the next trading session. This holiday closure is part of the standard annual calendar published by SIX. For the full list of dates, see the SIX Swiss Holidays hub page.
Because December 25 falls on a Friday in 2026, the exchange has a genuine long weekend, with normal trading resuming on the next business day. Investors holding Swiss-listed shares, exchange-traded funds or structured products should expect no price updates, no order execution and no settlement activity from SIX on this date.
Which markets are closed on Christmas Day 2026?

Market
Status
Notes

SIX Swiss Exchange (equities)
Closed
Full-day closure for Christmas Day

SIX Swiss Exchange (bonds)
Closed
Bond trading follows the same exchange calendar

SIX structured products and derivatives
Closed
No new listings or trading executed

New York Stock Exchange and Nasdaq
Closed
US markets also observe Christmas Day

London Stock Exchange
Closed
UK market holiday for Christmas Day

Euronext
Closed
Pan-European exchange group closed for Christmas

Tokyo Stock Exchange
Open (regular hours)
Japan does not observe Christmas as a market holiday

Most major European exchanges close in step with SIX on December 25, reflecting the shared cultural observance of Christmas across the region. Asian markets such as Tokyo generally continue trading as normal, since Christmas is not a public holiday there.
Is the market open the day before and after?
Thursday, December 24, 2026, Christmas Eve, is a separate trading day covered on its own page: SIX Swiss Christmas Eve 2026. Trading on the SIX Swiss Exchange resumes with regular hours, 9:00 am to 5:30 pm CET/CEST, on the next business day after December 25, unless that day is itself affected by the weekend or another holiday. Investors should check the exchange calendar directly for the exact reopening date, since December 26 in some years falls on a weekend or is itself a public holiday in parts of Switzerland.
There is no scheduled early close attached to Christmas Day itself; the exchange is either fully open under regular hours or fully closed, with no partial trading session recorded for this holiday.
Why do markets close for Christmas Day?
Christmas Day is one of the oldest and most widely observed public holidays across Europe, reflecting the Christian tradition and a long-standing custom of allowing bank and market staff, along with the wider public, to take the day off with family. Swiss financial institutions, like most of their European counterparts, coordinate their market calendars around this shared holiday to avoid thin trading and reduced staffing.
Because settlement, clearing and custody functions rely on bank staff being available, exchanges close entirely rather than run with skeleton crews. This approach mirrors the practice at other major European venues, including London and the Euronext markets, which also close for Christmas Day.
What It Means for Your Money
If you place an order for a Swiss-listed stock or fund on December 25, it will simply wait in the queue and be processed when the exchange reopens; nothing is lost, but execution is delayed. Settlement, the point at which shares and cash actually change hands, typically follows a T+1 or T+2 cycle depending on the instrument, so a closed trading day pushes back the final settlement date accordingly.
Dividend payments and options expiry dates that would normally fall on December 25 are usually shifted to the next business day by the relevant calculation agents, so check the specific terms of any holding you own. Bank transfers between Swiss accounts may also be delayed, since many banks reduce staffing or close entirely for the holiday, similar to bank holidays in the UK and US. Cryptocurrency markets are unaffected by any of this, since they trade continuously, 24 hours a day, seven days a week, regardless of traditional exchange holidays.
For pension savers and long-term investors, a single closed trading day rarely has a lasting effect on portfolio value; it mainly affects the timing of trade execution and cash movements rather than the underlying value of investments held.
Remaining SIX Swiss holidays in 2026

New Year’s Eve, December 31, 2026 (closed)

After Christmas Day, New Year’s Eve on December 31, 2026 is the final closure on the SIX calendar for the year, rounding off a holiday schedule that closely tracks the Swiss public holiday calendar and aligns broadly with other major European exchanges.
Frequently Asked Questions
Is the stock market open on Christmas Day 2026 in Switzerland?
No, the SIX Swiss Exchange is fully closed on Friday, December 25, 2026 for Christmas Day.
Is the bond market open on Christmas Day 2026?
No, Swiss bond trading on SIX follows the same exchange calendar and is closed on December 25, 2026.
What time does the Swiss market close on Christmas Eve?
Details of any early close on December 24, 2026 are covered on the dedicated SIX Swiss Christmas Eve 2026 page.
When is the next SIX Swiss market holiday after Christmas?
The next scheduled closure is New Year’s Eve, December 31, 2026.
Are Swiss banks open on Christmas Day?
Most Swiss banks are closed or operate with reduced services on December 25, 2026, in line with the national public holiday.
← Previous SIX Swiss Holidays

Is the Stock Market Open on Christmas Day 2026? CME Futures Hours
2026-12-25 00:00 - 23:59 (America/New_York)
CME Group Futures are closed on Friday, December 25, 2026 for Christmas Day.

Next holiday
New Year's Day, January 1, 2027
Regular hours
5:00 pm to 4:00 pm CT (Sun-Fri, with 4:00-5:00 pm daily maintenance break)

Full schedule and background: CME Futures Holidays.
Updated September 2, 2026

← Previous CME Futures Holidays
CME Group futures markets are closed on Friday, December 25, 2026 for Christmas Day. This is a full-day closure across CME’s major futures complexes, including equity index, interest rate, energy, metals and agricultural products. No trading, clearing or settlement activity takes place on CME Globex that day. Any resting orders will carry over and become active again when trading resumes. For the full year-round schedule, see the CME futures holiday calendar.
Because Christmas Day falls on a Friday in 2026, the closure extends the holiday period for many market participants into a longer weekend. Traders and hedgers who need to adjust positions ahead of the holiday should note that liquidity typically thins on the trading session immediately before a full closure, known in futures markets as Christmas Eve.
Which markets are closed on Christmas Day 2026?
Christmas Day is one of the most widely observed market holidays globally, though the exact closures vary by exchange and asset class.

Market
Status
Notes

CME Group Futures
Closed
All products, including equity index, rates, FX, energy and agricultural futures

NYSE and Nasdaq
Closed
US cash equities closed for the full trading day

US Bond Market (SIFMA)
Closed
SIFMA recommends a full close for Christmas Day

US Options (Cboe)
Closed
Equity and index options do not trade

London Stock Exchange (LSE)
Closed
UK markets close for Christmas Day and the following Boxing Day

Euronext
Closed
Paris, Amsterdam, Brussels and other Euronext venues are closed

Tokyo Stock Exchange (TSE)
Open (regular hours)
Japan does not observe Christmas as a public holiday

Cryptocurrency markets
Open (regular hours)
Crypto exchanges trade continuously, 24 hours a day, 7 days a week

Is the market open the day before and after?
The trading session on Christmas Eve, Thursday, December 24, 2026, sees an early close across most US markets. NYSE and Nasdaq typically close at 1:00 pm ET that day, and CME futures also shorten their trading hours ahead of the holiday. Full details are on the CME Futures Christmas Eve early close page.
Markets resume normal trading hours on the next business day after Christmas, which falls on Monday, December 28, 2026, since December 26 and 27 are a weekend. Regular CME futures hours run from 5:00 pm to 4:00 pm CT, Sunday through Friday, with a daily maintenance break between 4:00 pm and 5:00 pm CT.
Why do markets close for Christmas Day?
Christmas Day has been observed as a market holiday in the United States and most of the developed world for well over a century, reflecting the day’s status as a public and religious holiday across much of the West. Exchanges close so that staff, brokers and traders can take the day off alongside the wider workforce, and because trading volumes would be extremely thin with many desks in Europe, the US and elsewhere unstaffed.
CME Group aligns its futures calendar closely with the cash equity and bond market holiday schedules in the US, which is why a Christmas closure applies across nearly all of its product lines rather than just financial futures.
What It Means for Your Money
If you place an order on Christmas Day through a broker linked to CME futures, it will simply queue and execute once trading resumes on the next open session. There is no market activity to react to news released on the holiday itself, so any economic data or corporate announcements that land on December 25 will only be priced in once markets reopen.
Settlement of trades follows the standard T+1 cycle once markets are open again, so a trade executed on the day before or after the holiday settles one business day later, adjusted for the closure. Options and futures contracts due to expire around this period are not affected in terms of their expiry date, but the reduced number of trading days can compress the time available to manage positions.
Banks in the US and UK are generally closed for the Christmas public holiday too, which can delay wire transfers, mortgage completions and payroll processing that would normally fall on December 25. If you are paid through direct deposit and payday lands on or near the holiday, your employer may move the payment to the preceding business day. Pension contributions and dividend payments scheduled around the holiday are typically processed on the next working day. Cryptocurrency markets, unlike traditional exchanges, continue trading throughout the holiday since they operate 24 hours a day with no scheduled closures.
Remaining CME Futures holidays in 2026
December 25 is the final full-day closure on the CME futures calendar for 2026. The next scheduled holiday closure is New Year’s Day, Friday, January 1, 2027, which will also be a full closure. For the complete list of 2026 dates, including early closes, see the CME futures holiday calendar.
Frequently Asked Questions
Is the stock market open on Christmas Day 2026?
No. NYSE, Nasdaq and CME futures are all closed on Friday, December 25, 2026 for Christmas Day.
Is the bond market open on Christmas Day 2026?
No. SIFMA recommends a full closure of the US bond market on Christmas Day, matching the equity and futures market closure.
What time does the market close on Christmas Eve 2026?
US cash equities typically close early at 1:00 pm ET on Christmas Eve, December 24, 2026, and CME futures also shorten their trading session ahead of the holiday.
When is the next market holiday after Christmas Day 2026?
The next scheduled full market closure is New Year’s Day, Friday, January 1, 2027.
Are banks open on Christmas Day 2026?
No. Banks in the United States and the United Kingdom are closed for the Christmas public holiday, which can delay transfers and payroll processing scheduled for that day.
← Previous CME Futures Holidays

Is the Bond Market Open on Christmas Day 2026? SIFMA Hours
2026-12-25 00:00 - 23:59 (America/New_York)
US Bond Market (SIFMA) are closed on Friday, December 25, 2026 for Christmas Day.

Next holiday
New Year's Eve (Early Close), December 31, 2026
Regular hours
8:00 am to 5:00 pm ET (SIFMA recommended)

Full schedule and background: Bond Market Holidays.
Updated September 2, 2026

← Previous Bond Market Holidays
The US bond market is closed on Friday, December 25, 2026 for Christmas Day. The Securities Industry and Financial Markets Association (SIFMA), which issues recommended trading hours for fixed income markets in the United States, has recommended a full market close for the day. Because Christmas Day falls on a Friday in 2026, the bond market will remain shut for a normal weekday and reopen on Monday, December 28, 2026. Orders and settlements that would normally process on December 25 roll forward to the next open business day. This page covers the bond market specifically; for the full annual list of dates, see the bond market holiday calendar.
Equity markets follow the same pattern. The New York Stock Exchange and Nasdaq are also closed on December 25 every year, so both stocks and bonds pause trading simultaneously across the United States.
Which markets are closed on Christmas Day 2026?

Market
Status
Notes

US Bond Market (SIFMA)
Closed
Full close recommended by SIFMA for cash and repo trading

NYSE and Nasdaq (equities)
Closed
Standard federal market holiday observed every year

CME futures
Closed
Trading floors and most electronic sessions halted for the holiday

US options markets
Closed
No new trades or expirations processed on the holiday

London Stock Exchange
Closed
UK exchanges observe Christmas Day and Boxing Day as bank holidays

Euronext
Closed
Christmas Day is a standard closure across Euronext venues

Tokyo Stock Exchange
Open (regular hours)
Japan does not observe Christmas Day as a market holiday

Is the market open the day before and after?
Thursday, December 24, 2026 (Christmas Eve) is a regular trading day for the bond market, though SIFMA has in some years recommended an early close ahead of the holiday. Check the SIFMA holiday schedule for confirmation closer to the date. The next trading day after Christmas is Monday, December 28, 2026, when both bond and equity markets reopen for normal hours, which for the bond market run from 8:00 am to 5:00 pm ET (SIFMA recommended). There is no early close scheduled for Christmas Eve itself in the current SIFMA calendar beyond the usual recommendation, so investors should treat December 24 as a full session unless SIFMA issues an update.
Why do markets close for Christmas Day?
Christmas Day has been observed as a market holiday in the United States for well over a century, reflecting its status as a federal holiday and the near-universal closure of banks, government offices and most businesses. Because bond trading, unlike some other financial activity, depends heavily on bank staffing, settlement systems and government bond auctions, SIFMA aligns its recommended holiday schedule with the federal calendar so that dealers, custodians and clearing houses can all close together without leaving any part of the settlement chain running short-staffed.
The coordinated closure also avoids the risk of thin trading. With most major participants away from their desks, keeping markets open on Christmas Day would mean unusually low liquidity and wider spreads, which is generally seen as unhelpful for price discovery. Closing the market entirely removes that risk and gives staff at banks, clearing firms and exchanges the holiday off alongside the rest of the country.
What It Means for Your Money
If you place a bond trade, place an order with your broker, or set up an automatic transfer on December 25, it will simply queue and be processed when the market reopens on December 28, 2026. Settlement, which is the point at which cash and securities actually change hands, follows a T+1 timetable for most US Treasury and corporate bond trades, meaning a trade executed on the 24th settles on the 28th once the holiday is skipped. Anyone expecting a bond coupon payment or a maturing Treasury bill around this date may see the payment credited a day later than usual because banks are closed. Bank transfers, wire payments and payroll runs that would normally clear on December 25 are also delayed until the next business day, so employees paid around the holiday should expect funds to land on or after December 28. Mortgage and savings rates are not directly affected by a single closed trading day, though the bond market’s reopening reaction on December 28 can move Treasury yields, which in turn feed through to mortgage pricing and savings account rates over the following days. Cryptocurrency markets are unaffected because they trade 24 hours a day, seven days a week, including on Christmas Day.
Remaining SIFMA bond market holidays in 2026

New Year’s Eve (Early Close), December 31, 2026, closing at 2:00 pm ET

Frequently Asked Questions
Is the bond market open on Christmas Day 2026?
No. SIFMA recommends a full close of the US bond market on Friday, December 25, 2026.
Is the stock market open on Christmas Day 2026?
No, the NYSE and Nasdaq are also closed on December 25, 2026, alongside the bond market.
What time does the bond market normally close?
On a regular trading day the SIFMA-recommended hours run from 8:00 am to 5:00 pm ET.
When is the next bond market holiday after Christmas?
The next SIFMA date is New Year’s Eve, December 31, 2026, which is an early close recommended to end at 2:00 pm ET rather than a full closure.
Are banks open on Christmas Day?
No. Christmas Day is a federal holiday in the United States, so banks are closed and electronic transfers and payroll deposits scheduled for that day are processed on the next business day.
← Previous Bond Market Holidays

Is the Stock Market Open on Christmas Day 2026? Euronext Hours
2026-12-25 00:00 - 23:59 (America/New_York)
Euronext (Paris, Amsterdam, Brussels, Lisbon) are closed on Friday, December 25, 2026 for Christmas Day.

Next holiday
New Year's Eve (Half Trading Day), December 31, 2026
Regular hours
9:00 am to 5:30 pm CET/CEST

Full schedule and background: Euronext Holidays.
Updated September 2, 2026

← Previous Euronext Holidays
Euronext, the pan-European exchange operating markets in Paris, Amsterdam, Brussels and Lisbon, is closed all day on Friday, December 25, 2026 for Christmas Day. No cash equity, ETF or derivatives trading takes place on any Euronext venue. Orders entered that day will queue and be handled when the market reopens for the next trading session. See the full Euronext holiday calendar for the rest of the year.
Which markets are closed on Christmas Day 2026?
Christmas Day is one of the most widely observed market holidays worldwide, so most major exchanges are shut, though a few operate on different local calendars.

Market
Status
Notes

Euronext (Paris, Amsterdam, Brussels, Lisbon)
Closed
Regular hours otherwise 9:00 am to 5:30 pm CET/CEST

London Stock Exchange (LSE)
Closed
UK bank holiday for Christmas Day

New York Stock Exchange and Nasdaq
Closed
US market holiday

Tokyo Stock Exchange (TSE)
Open (regular hours)
Christmas is not a public holiday in Japan

US bond market (SIFMA)
Closed
Full market close recommended by SIFMA

CME futures
Closed
Most CME products halt trading for the holiday

Options markets (Euronext)
Closed
No listed options trading on Euronext venues

Always check the official Euronext trading hours and holidays page for the definitive schedule, since local exceptions can apply (for example, Milan and Oslo sometimes follow slightly different calendars).
Is the market open the day before and after?
Thursday, December 24, 2026 (Christmas Eve) is a half trading day on Euronext, closing early. The next full trading session after Christmas Day is Monday, December 28, 2026, assuming no further local holiday applies to a specific Euronext market. Traders should note that year-end liquidity is typically thinner in the days around Christmas, which can widen bid-ask spreads.
Why do markets close for Christmas Day?
Christmas Day is a long-standing public and religious holiday across Europe, and exchanges have closed for it for as long as organised trading has existed in these cities. Keeping markets shut on days when most staff, clients and counterparties are away from their desks reduces the risk of illiquid, erratic trading and lets clearing and settlement systems pause safely.
Euronext, formed from the merger of the Paris, Amsterdam, Brussels and Lisbon exchanges, aligns its holiday calendar across all four venues for consistency, even though each city has its own national bank holiday traditions the rest of the year.
What It Means for Your Money
If you place an order on Christmas Day through a broker connected to Euronext, it will simply wait in the queue until trading resumes, usually on the next business day. Settlement of trades made just before the holiday may take an extra day to complete because most markets settle on a T+1 basis (trade date plus one business day), and settlement dates skip market holidays. Dividend payments and options expiries scheduled around this period are typically moved to the nearest trading day by the relevant exchange or company. Bank transfers and payroll runs across the eurozone and UK can also be delayed a day or two, since many high-street banks and clearing systems close for the holiday too. Cryptocurrency markets are unaffected, as they trade 24 hours a day, seven days a week, including public holidays.
Remaining Euronext holidays in 2026

Christmas Eve (Half Trading Day), December 24, 2026, early close
New Year’s Eve (Half Trading Day), December 31, 2026, early close at 2:05 pm local time

Frequently Asked Questions
Is the stock market open on Christmas Day 2026?
No. Euronext markets in Paris, Amsterdam, Brussels and Lisbon are closed all day on Friday, December 25, 2026.
Is the bond market open on Christmas Day?
In the US, SIFMA recommends a full close of the bond market on Christmas Day, and European government bond trading also pauses in line with the equity market holiday.
What time does Euronext close on Christmas Eve?
December 24, 2026 is a half trading day, so Euronext markets close earlier than the usual 5:30 pm CET/CEST finish, though the precise early close time can vary slightly by venue.
When is the next Euronext market holiday after Christmas?
The next holiday is New Year’s Eve (Half Trading Day) on December 31, 2026, when Euronext markets close early ahead of the new year.
Are banks open on Christmas Day in Europe?
No. Banks across France, the Netherlands, Belgium and Portugal are closed on Christmas Day, which is why transfers and payments initiated that day are usually processed on the next business day.
← Previous Euronext Holidays

Is the Stock Market Open on Christmas Day 2026? TSX Hours
2026-12-25 00:00 - 23:59 (America/New_York)
Toronto Stock Exchange are closed on Friday, December 25, 2026 for Christmas Day.

Next holiday
Boxing Day (In Lieu), December 28, 2026
Regular hours
9:30 am to 4:00 pm ET

Full schedule and background: TSX Holidays.
Updated September 2, 2026

← Previous TSX Holidays
The Toronto Stock Exchange (TSX) is closed on Friday, December 25, 2026 for Christmas Day. The TSX Venture Exchange, TSX Alpha Exchange and the Montreal Exchange follow the same schedule. No orders will be filled and no trades will settle on this date. Any orders queued on December 25 will be held and processed when trading resumes on the next business day. See the full TSX holiday calendar for the rest of 2026.
Because December 26, 2026 falls on a Saturday, the Boxing Day holiday is observed in lieu on Monday, December 28, 2026, so Canadian markets are closed for two trading days in a row over the holiday period.
Which markets are closed on Christmas Day 2026?

Market
Status
Notes

TSX and TSXV equities
Closed
Christmas Day holiday

TSX Alpha Exchange
Closed
Follows TSX schedule

Montreal Exchange (derivatives)
Closed
Options and futures markets closed for the holiday

NYSE and Nasdaq (US equities)
Closed
Christmas Day is also a US federal market holiday on December 25, 2026

US bond market (SIFMA)
Closed
Recommended full close

London Stock Exchange (LSE)
Closed
Christmas Day bank holiday in the UK

Euronext
Closed
Christmas Day holiday across Euronext venues

Tokyo Stock Exchange (TSE)
Open (regular hours)
Japan does not observe Christmas as a market holiday

Is the market open the day before and after?
On Thursday, December 24, 2026 (Christmas Eve), the TSX and TSXV close early at 1:00 pm ET instead of the usual 4:00 pm ET close. Regular hours on that day still start at 9:30 am ET. Once markets close early on December 24, they stay closed on December 25 for Christmas Day, and remain closed on Monday, December 28, 2026 for the Boxing Day holiday observed in lieu (because the actual date, December 26, falls on a Saturday). Normal trading, running 9:30 am to 4:00 pm ET, resumes on Tuesday, December 29, 2026.
Why do markets close for Christmas Day?
Christmas Day is a statutory holiday across Canada, and exchanges close so that staff, brokers and clearing houses can observe the public holiday along with the rest of the country. Closing avoids thin, illiquid trading on a day when most market participants, corporate desks and support services are unavailable.
The extended closure into Boxing Day (or its observed date when the 26th falls on a weekend) reflects a long-standing Canadian convention of treating the days around Christmas as a single holiday block for financial markets, similar to practice on the London Stock Exchange.
What It Means for Your Money
If you place an order through a Canadian broker on December 25 or 28, 2026, it will simply sit in the queue and execute when the market reopens on December 29. Trades that do execute on December 24 will settle one business day later under the standard T+1 settlement cycle, so plan around the holiday closures if you need funds or shares to settle by a specific date. Dividend record dates and options expiries scheduled near the holiday are typically shifted to account for the closures, so check the specific security’s calendar rather than assuming a standard timetable. Canadian banks generally operate on their own holiday schedule, which usually mirrors the exchange closures on December 25 and the observed Boxing Day, so in-branch banking and some transfers may be delayed, though online payments and direct deposits (including payroll near year end) can still be affected by processing cut-offs. Cryptocurrency markets, unlike the TSX, trade continuously through the holiday since they are not tied to a physical exchange’s opening hours.
Remaining TSX holidays in 2026

Boxing Day (In Lieu), Monday, December 28, 2026

Frequently Asked Questions
Is the stock market open on Christmas Day 2026?
No. The TSX, TSXV, TSX Alpha and Montreal Exchange are all closed on Friday, December 25, 2026, along with US markets including the NYSE and Nasdaq.
Is the bond market open on Christmas Day 2026?
No. The Canadian and US bond markets, including SIFMA-recommended hours, are closed for Christmas Day.
What time does the TSX close on Christmas Eve 2026?
The TSX and TSXV close early at 1:00 pm ET on Thursday, December 24, 2026, ahead of the Christmas Day holiday.
When is the next TSX market holiday after Christmas?
The next closure is Boxing Day (In Lieu) on Monday, December 28, 2026, since the actual Boxing Day date falls on a Saturday.
Are Canadian banks open on Christmas Day?
Most Canadian banks close their branches on December 25 and typically also on the observed Boxing Day holiday, though online and mobile banking services generally remain accessible.
← Previous TSX Holidays

Is the Stock Market Open on Christmas Day 2026? LSE Hours
2026-12-25 00:00 - 23:59 (America/New_York)
London Stock Exchange are closed on Friday, December 25, 2026 for Christmas Day.

Next holiday
Boxing Day (Substitute), December 28, 2026
Regular hours
8:00 am to 4:30 pm UK time

Full schedule and background: LSE Holidays.
Updated September 2, 2026

← Previous LSE Holidays
The London Stock Exchange is closed on Friday, December 25, 2026 for Christmas Day. This is a full-day closure, meaning no regular trading session takes place on the LSE main market, and this applies to equities, exchange-traded funds and most other listed instruments handled through the exchange’s standard order books. Any orders placed with a broker on Christmas Day will simply queue and be processed when the market reopens. For a full list of upcoming closures, see the LSE holiday calendar.
Because December 25 falls on a Friday in 2026, the LSE will also be closed the following Monday, December 28, for the substitute Boxing Day holiday, extending the break to a long weekend for UK investors. Trading resumes on Tuesday, December 29, 2026.
Which markets are closed on Christmas Day 2026?

Market
Status
Notes

London Stock Exchange (equities)
Closed
Full-day closure, no cash equity trading

UK Gilts
Closed
Follows LSE holiday schedule

ICE Futures Europe (London)
Closed
No trading in UK-listed derivatives

New York Stock Exchange and Nasdaq
Closed
US markets also observe Christmas Day

Euronext (Paris, Amsterdam, Brussels)
Closed
Christmas Day is a shared European holiday

Tokyo Stock Exchange
Open (regular hours)
Japan does not observe Christmas as a market holiday

Cryptocurrency exchanges
Open
Crypto markets trade 24 hours a day, every day of the year

Investors holding a globally diversified portfolio should note that while London, New York and most of continental Europe are shut, some Asian markets, including Tokyo, continue to trade on December 25, though many will also be quiet around their own New Year holidays.
Is the market open the day before and after?
The trading day before Christmas, Thursday, December 24, 2026, is a regular full session on the LSE with standard hours of 8:00 am to 4:30 pm UK time, according to the London Stock Exchange’s official business days schedule. There is no early close scheduled for Christmas Eve 2026 on the LSE main market itself, though some related derivatives markets occasionally shorten their sessions around the festive period, so traders using futures or options should check with their broker.
The next trading day after Christmas is not December 26, as might be expected, but Tuesday, December 29, 2026, because both December 25 and the substitute Boxing Day holiday on December 28 fall on market closures. Anyone placing an order on Christmas Day or over that weekend will see it queue for execution when the market reopens on the 29th.
Why do markets close for Christmas Day?
Christmas Day has been observed as a public holiday in the United Kingdom for centuries, and financial markets have long followed the same closures as banks and other public institutions. The London Stock Exchange, like most major exchanges around the world, treats December 25 as a non-trading day out of respect for the widely observed religious and cultural holiday, and to allow staff, brokers and support services time off.
This pattern is shared internationally. Nearly every major Western exchange, including the New York Stock Exchange, Nasdaq and the Euronext group, closes on Christmas Day, which creates a genuinely quiet 24-hour period for global equity and bond trading, interrupted only by markets in regions that do not mark the holiday, such as much of East Asia.
What It Means for Your Money
If you have a pending trade, it will simply wait in the queue until the exchange reopens on December 29, 2026, so there is no need to resubmit an order. Settlement, the process by which shares and cash actually change hands after a trade, will also be delayed by the closure. Under the standard T+1 settlement cycle now used in many markets, a trade executed on December 24 would normally settle the next business day, but because December 25 and 28 are both holidays, settlement will push out to December 29.
Dividend payment dates and options expiry dates that would ordinarily fall on December 25 are automatically shifted to the next business day by exchanges and registrars, so investors expecting a payout around Christmas should expect it to land slightly later than usual. UK bank transfers and payroll runs due on Christmas Day are typically processed a day or two early or late by banks, since the Bank of England’s payment systems are also closed for the holiday. Mortgage and savings rates are unaffected by the closure itself, though any Bank of England announcements or rate decisions are never scheduled on public holidays. Cryptocurrency markets remain the exception, trading 24 hours a day throughout the festive period with no closures at all.
Remaining LSE holidays in 2026

Boxing Day (Substitute), December 28, 2026, closed
New Year’s Eve, December 31, 2026, early close at 12:30 pm UK time

Frequently Asked Questions
Is the stock market open on Christmas Day 2026?
No, the London Stock Exchange and most other major global exchanges, including the New York Stock Exchange and Nasdaq, are closed on Friday, December 25, 2026.
Is the bond market open on Christmas Day?
No, UK gilt trading follows the same closure as the LSE equity market, and US bond markets also observe the holiday.
What time does the market close before Christmas?
On Thursday, December 24, 2026, the LSE trades a full regular session from 8:00 am to 4:30 pm UK time, with no scheduled early close on the main market.
When is the next market holiday after Christmas?
The next LSE holiday after Christmas Day is the substitute Boxing Day holiday on Monday, December 28, 2026, followed by an early close on New Year’s Eve, December 31, 2026, at 12:30 pm UK time.
Are UK banks open on Christmas Day?
No, UK banks are closed on Christmas Day and remain closed for the substitute Boxing Day holiday on December 28, 2026, reopening for normal business on December 29.
← Previous LSE Holidays

Is the Stock Market Open on Boxing Day (In Lieu) 2026? TSX Hours
2026-12-28 00:00 - 23:59 (America/New_York)
Toronto Stock Exchange are closed on Monday, December 28, 2026 for Boxing Day (In Lieu).

Next holiday
New Year's Day, January 1, 2027
Regular hours
9:30 am to 4:00 pm ET

Full schedule and background: TSX Holidays.
Updated September 2, 2026

← Previous TSX Holidays
The Toronto Stock Exchange is closed on Monday, December 28, 2026, for Boxing Day (In Lieu). Because Boxing Day itself, December 26, 2026, falls on a Saturday, the TSX observes the holiday on the following Monday instead, a common practice among North American exchanges when a statutory holiday lands on a weekend. Any orders placed while the market is shut will simply queue and be processed when trading resumes. For the full run of dates, see the TSX holiday calendar.
Investors holding Canadian equities, ETFs or TSX-listed options should expect no price movement, no order execution and no new trade settlement on this date. Anyone trying to buy or sell shares on the TSX that day will find their broker’s platform accepting orders only for later execution, not immediate fills.
Which markets are closed on Boxing Day (In Lieu) 2026?

Market
Status
Notes

TSX equities
Closed
Boxing Day observed in lieu

TSX Venture Exchange
Closed
Follows TSX holiday schedule

Canadian bond market
Likely closed
Canadian fixed income desks typically follow the same holiday, though this is not separately confirmed by an official calendar

Montreal Exchange (derivatives)
Closed
Follows the same statutory holiday schedule as TSX

NYSE and Nasdaq (US)
Open (regular hours)
US markets do not observe a Boxing Day holiday and trade normally

London Stock Exchange (LSE)
Closed
UK observes its own Boxing Day bank holiday, typically the same week

Euronext
Closed
Most European venues close for the same period around Christmas and Boxing Day

Tokyo Stock Exchange (TSE)
Open (regular hours)
Japan does not observe Boxing Day; markets trade as normal

Is the market open the day before and after?
The trading day before this holiday is Friday, December 25, 2026, which itself falls on Christmas Day, a separate TSX holiday. That means the TSX is closed on both Friday, December 25 and Monday, December 28, giving Canadian investors an extended break either side of the weekend. The TSX Christmas Day closure covers that Friday in detail. Trading resumes at regular hours, 9:30 am to 4:00 pm ET, on Tuesday, December 29, 2026, the next full session. The TSX has not published any early-close arrangement around this holiday, so there is no shortened session to plan around on the days immediately before or after.
Why do markets close for Boxing Day?
Boxing Day, December 26, has been a public holiday in Canada and much of the Commonwealth for well over a century, originally associated with giving gifts or boxes to servants and tradespeople the day after Christmas. It remains a statutory holiday in most Canadian provinces, and the TSX, like other exchanges, closes to align with the broader public holiday calendar rather than opening for a session few staff or clients would use.
When a statutory holiday such as Boxing Day falls on a weekend, exchanges commonly shift the closure to the nearest working day so that staff, brokers and market infrastructure providers still receive the day off. That is why 2026 sees the closure fall on Monday, December 28, rather than the calendar date itself.
What It Means for Your Money
If you have a standing order or a trade queued through a Canadian broker for December 28, 2026, it will not execute until the market reopens on December 29. Settlement, which in most markets now happens one business day after the trade (known as T+1), will also be pushed back accordingly, so anyone relying on cash from a sale to clear by a specific date should build in the extra day.
Dividend payment dates and options expiry schedules tied to TSX-listed securities are adjusted around exchange holidays, so check with your broker or the company’s investor relations page if a payment or expiry was expected close to this date. Canadian bank branches generally follow their own statutory holiday schedule, which may or may not exactly mirror the exchange calendar, so bank transfers and payroll processing could also see a one-day delay. Cryptocurrency markets, unlike the TSX, trade continuously and are unaffected by this or any other exchange holiday.
Remaining TSX holidays in 2026
No further TSX holiday dates for 2026 were confirmed in the schedule reviewed for this page beyond Boxing Day (In Lieu). The next confirmed closure on the TSX calendar is New Year’s Day, January 1, 2027. For the complete and most current list, consult the TSX holiday calendar or the exchange’s own published calendar.
Frequently Asked Questions
Is the stock market open on Boxing Day (In Lieu) 2026?
No. The Toronto Stock Exchange is closed on Monday, December 28, 2026, because Boxing Day itself falls on a weekend and the holiday is observed the following business day.
Is the bond market open on this date?
Canadian fixed income desks generally follow the same exchange holiday schedule, so bond trading activity is expected to be minimal or closed, though this is not confirmed by a separate official calendar.
What time does the TSX close the day before or after this holiday?
No early close has been announced around this holiday. The TSX trades regular hours, 9:30 am to 4:00 pm ET, on both December 24 and December 29, 2026.
When is the next TSX market holiday after this one?
The next scheduled TSX closure is New Year’s Day, falling on January 1, 2027.
Are Canadian banks open on Boxing Day (In Lieu) 2026?
Most Canadian bank branches close for statutory holidays including Boxing Day, though exact observance can vary slightly by province, so it is worth checking with your specific bank if you need in-branch service that day.
← Previous TSX Holidays

Is the Stock Market Open on Boxing Day (Substitute) 2026? ASX Hours
2026-12-28 00:00 - 23:59 (America/New_York)
Australian Securities Exchange are closed on Monday, December 28, 2026 for Boxing Day (Substitute).

Next holiday
New Year's Eve (Early Close), December 31, 2026
Regular hours
10:00 am to 4:00 pm AEST/AEDT (closing auction to ~4:12 pm)

Full schedule and background: ASX Holidays.
Updated September 2, 2026

← Previous ASX Holidays
The Australian Securities Exchange (ASX) is closed on Monday, December 28, 2026 for the Boxing Day (Substitute) public holiday. Boxing Day itself falls on Saturday, December 26, 2026, so the holiday is observed on the following Monday under standard New South Wales public holiday rules. Any orders placed on the ASX trading platform during the closure will queue and be processed when trading resumes on Tuesday, December 29, 2026. See the full run of dates on the ASX holiday calendar.
Regular ASX trading hours, when open, run from 10:00 am to 4:00 pm AEST/AEDT, with the closing auction extending to around 4:12 pm. There is no early close associated with this holiday: the exchange is fully shut for the session.
Which markets are closed on Boxing Day (Substitute) 2026?

Market
Status
Notes

ASX cash equities
Closed
No trading, no closing auction on December 28, 2026

ASX 24 (futures and options)
Closed
Day session unavailable; affects overnight options pricing

Australian bond market
Closed
Follows ASX public holiday schedule

New York Stock Exchange and Nasdaq
Open (regular hours)
US markets do not observe Australian public holidays

London Stock Exchange (LSE)
Open (regular hours)
No UK holiday on this date

Euronext
Open (regular hours)
No eurozone holiday on this date

Tokyo Stock Exchange (TSE)
Open (regular hours)
Japan’s year-end closure begins later, around December 31

Is the market open the day before and after?
The ASX traded regular hours on Friday, December 25, 2026, is closed for Christmas Day. It remains closed for Boxing Day on the Saturday and Sunday weekend, and then closed again on Monday, December 28, 2026 for the Boxing Day substitute holiday. Trading resumes as normal on Tuesday, December 29, 2026, with the usual 10:00 am to 4:00 pm AEST/AEDT session and no early close scheduled. The next early close on the ASX calendar is New Year’s Eve, December 31, 2026, when the market shuts at 2:10 pm local time ahead of the New Year holiday.
Why do markets close for Boxing Day?
Boxing Day, observed on December 26, is a long-standing public holiday across Australia and other Commonwealth countries, traditionally linked to charitable giving and post-Christmas gatherings. When a fixed public holiday falls on a weekend, Australian jurisdictions typically move the observance to the next available weekday so employees and businesses, including exchange staff, still receive the day off. That is why the ASX closes on Monday, December 28, 2026 rather than the calendar date itself.
What It Means for Your Money
If you have an order sitting with an Australian broker on December 28, it will simply wait in the queue and execute once the market reopens on December 29. Settlement, which in Australia works on a T+2 basis, will be pushed back by the number of closed days, so a trade settled around the holiday may land a day or two later than usual. Dividend payment dates and options expiries that would normally fall on the holiday are typically shifted to the next business day by the relevant company or clearing house. Australian bank transfers processed through the local clearing system may also be delayed over the long weekend, though international transfers and card payments are unaffected. Cryptocurrency markets, unlike the ASX, trade continuously and are not affected by this closure.
Remaining ASX holidays in 2026

New Year’s Eve (Early Close), December 31, 2026: market closes early at 2:10 pm local time

Frequently Asked Questions
Is the stock market open on Boxing Day (Substitute) 2026?
No. The ASX is closed on Monday, December 28, 2026, because Boxing Day itself falls on a Saturday and the holiday is observed the following Monday.
Is the bond market open on this date?
No. The Australian bond market follows the ASX holiday schedule and is closed on December 28, 2026.
What time does the ASX close before the holiday?
There is no early close linked to this holiday. The ASX trades its normal 10:00 am to 4:00 pm AEST/AEDT session on the trading day before, Friday, December 25, being itself a holiday means the last full session before the break is Thursday, December 24, 2026.
When is the next ASX market holiday after this one?
The next scheduled market event is New Year’s Eve on December 31, 2026, when the ASX closes early at 2:10 pm local time.
Are Australian banks open on Boxing Day (Substitute) 2026?
Most Australian banks follow the same public holiday schedule as the ASX and are closed on December 28, 2026, though some digital banking services remain available online.
← Previous ASX Holidays

Is the Stock Market Open on Boxing Day (Substitute) 2026? LSE Hours
2026-12-28 00:00 - 23:59 (America/New_York)
London Stock Exchange are closed on Monday, December 28, 2026 for Boxing Day (Substitute).

Next holiday
New Year's Eve (Early Close), December 31, 2026
Regular hours
8:00 am to 4:30 pm UK time

Full schedule and background: LSE Holidays.
Updated September 2, 2026

← Previous LSE HolidaysNext LSE Holidays →
The London Stock Exchange is closed on Monday, December 28, 2026, for the Boxing Day substitute bank holiday. Boxing Day itself falls on Saturday, December 26, 2026, so under UK bank holiday rules the closure moves to the next available weekday, which is Monday, December 28. No equity, gilt or derivatives trading takes place on the LSE that day, and any orders left open will queue for the next trading session on Tuesday, December 29, 2026. See the full LSE Holidays calendar for the rest of the year.
Which markets are closed on Boxing Day (Substitute) 2026?

Market
Status
Notes

London Stock Exchange (equities)
Closed
UK bank holiday, no trading or settlement

UK gilts
Closed
Follows LSE bank holiday schedule

ICE Futures Europe (London)
Closed
Observes UK bank holidays

New York Stock Exchange and Nasdaq
Open (regular hours)
US markets do not observe UK bank holidays

Euronext (Paris, Amsterdam, Brussels)
Open (regular hours)
Not a Eurozone public holiday

Tokyo Stock Exchange
Open (regular hours)
Not a Japanese public holiday

Is the market open the day before and after?
The LSE traded a normal session on Friday, December 25, 2026, was closed. Wait, Christmas Day itself, December 25, 2026, is also a UK bank holiday and the LSE is closed that day, ahead of the weekend and the Boxing Day substitute. The last full trading day before this run of closures was Thursday, December 24, 2026, with regular hours of 8:00am to 4:30pm UK time. Trading resumes as normal on Tuesday, December 29, 2026, also with regular hours. There is no early close scheduled around this holiday, though the LSE does apply an early close of 12:30pm UK time on New Year’s Eve, December 31, 2026.
Why do markets close for Boxing Day?
Boxing Day, the day after Christmas, has been a statutory bank holiday in England, Wales and Northern Ireland since the Bank Holidays Act 1871. When a bank holiday falls on a weekend, UK convention moves the observance to the next working day so that workers and markets still receive the day off. Because December 26, 2026 falls on a Saturday, the substitute holiday shifts to Monday, December 28, 2026, and the LSE follows the official UK bank holiday calendar for its trading schedule.
What It Means for Your Money
If you hold UK shares or funds through a broker, any instructions placed on December 28 simply wait in the queue and execute at the next available price when trading reopens on December 29. Settlement, the point at which cash and shares officially change hands, is delayed by the closed day, so a trade settling on a T+1 basis (one business day after the trade) will settle a day later than it would in a normal week. Dividend record dates and options expiries that would normally fall on a bank holiday are typically moved to the nearest trading day by the relevant exchange or index provider. UK bank branches also close for the substitute holiday, so faster payments and card processing through some banks may be slower, though most digital banking and standing orders still run. Cryptocurrency markets are unaffected, since they trade continuously, 24 hours a day, seven days a week, regardless of stock exchange holidays.
Remaining LSE holidays in 2026

New Year’s Eve (Early Close), December 31, 2026: LSE closes early at 12:30pm UK time

Frequently Asked Questions
Is the stock market open on Boxing Day (Substitute) 2026?
No. The London Stock Exchange is closed on Monday, December 28, 2026, because Boxing Day itself falls on a Saturday and the holiday is observed on the next working day.
Is the bond market open on December 28, 2026?
No. UK gilt trading follows the same LSE bank holiday schedule and is closed on December 28, 2026.
What time does the LSE close before the holiday?
The LSE trades regular hours of 8:00am to 4:30pm UK time on Thursday, December 24, 2026, the last full session before the Christmas and Boxing Day closures.
When is the next LSE market holiday after this one?
The next LSE holiday is an early close on New Year’s Eve, December 31, 2026, when trading finishes at 12:30pm UK time.
Are UK banks open on Boxing Day (Substitute) 2026?
No. UK bank branches also observe the substitute bank holiday on December 28, 2026, and are closed alongside the stock exchange.
← Previous LSE HolidaysNext LSE Holidays →

US Consumer Confidence December 2026
2026-12-29 10:00 - 11:00 (America/New_York)
Next US Consumer Confidence: Tuesday, December 29, 2026 at 10:00 am ET (3:00 pm London).
Date to be confirmed by the publisher; this is the scheduled date.

Consensus
Not yet published
Prior
91.2 (June 2026)
Actual
Pending

Full schedule and background: US Consumer Confidence.
Updated September 2, 2026

← Previous US Consumer Confidence
The Conference Board is expected to release its US Consumer Confidence Index for December 2026 on Tuesday, December 29, 2026 at 10:00 am ET (3:00 pm London time). This report measures how American households feel about the current economy and their expectations for the next six months. Full schedule and background: US Consumer Confidence.
What is the Consumer Confidence Index?
The Consumer Confidence Index is a monthly survey run by The Conference Board, a private, non-profit research organisation. It asks a representative panel of US households five questions: two about their view of current business and job conditions, and three about how they expect the economy, the job market and their own income to look six months from now.
The answers are combined into a Present Situation Index and an Expectations Index, which together produce the headline Consumer Confidence Index, benchmarked to 1985 equals 100. Markets watch it because consumer spending drives roughly two-thirds of US economic output, so a sustained shift in sentiment can foreshadow changes in retail sales, borrowing and saving behaviour before those changes show up in hard data.
It differs from the University of Michigan’s separate consumer sentiment survey mainly in question design and sample, and economists often compare the two for confirmation. The Conference Board index tends to place more weight on labour market perceptions, which is why it is closely tied to how people feel about job security and wages.
When is the December Consumer Confidence report released?
The Conference Board has not yet confirmed the exact release date for the December 2026 report at the time of writing. The Conference Board typically publishes Consumer Confidence data on the last Tuesday of the month covered, and December 29, 2026 follows that usual pattern. The release is published on the Conference Board’s website at 10:00 am ET (3:00 pm London time) and is distributed simultaneously to newswires including Reuters and Bloomberg.
What is the consensus forecast?
A consensus forecast for the December 2026 reading has not yet been published. Economists’ estimates typically appear in the days before release, compiled by data providers such as Reuters and Trading Economics. Based on the most recent verified Conference Board data, the index stood at 91.2 in June 2026, down from a prior reading of 93.1, and below the 94.4 figure economists had expected, according to TrendForce DataTrack, which compiles Conference Board releases.

Measure
Prior (June 2026)
Consensus

Headline Consumer Confidence Index
91.2
Not yet published

Present Situation Index
Not independently verified for this period
Not yet published

Expectations Index
Not independently verified for this period
Not yet published

What the result could mean

Scenario
Likely market read
What it means in plain English

Above consensus
Read as a sign households feel more secure, which could support equities tied to consumer spending and ease concern about a slowdown
People feel more confident about jobs and income, which often means more spending on non-essential goods

In line with consensus
Limited market reaction expected, with attention shifting to the breakdown between present conditions and expectations
Confidence is holding roughly steady, neither improving nor worsening the outlook

Below consensus
Could add to worries about consumer spending and be read as a signal that the labour market is weakening, according to commentary from economists tracking the series
Households are more cautious, which can mean less spending on cars, holidays and big purchases

These are possible readings of the data, not predictions of how the index will actually come in or how markets will react on the day.
Why does this release matter right now?
Consumer confidence has been volatile through 2026 as households weighed the effects of tariffs, inflation and a labour market that has shown signs of cooling. The June 2026 reading of 91.2 came in below both the prior month and the consensus estimate of 94.4, according to TrendForce DataTrack, a decline that analysts linked to concerns about job security and rising prices.
The Federal Reserve does not target consumer confidence directly, but policymakers watch it as a lead indicator for consumer spending, which feeds into their broader assessment of demand and inflation pressure. A weakening trend into year-end would arrive at a sensitive moment, with the Fed weighing further interest rate moves and investors trying to gauge the strength of the US consumer heading into 2027.
What It Means for Your Money

Mortgages and borrowing: If confidence weakens sharply, it can reinforce expectations of interest rate cuts, which may eventually feed through to lower mortgage and loan rates in the US, though the effect on UK and European rates is indirect and depends on their own central banks.
Savings: Weak confidence data that raises the odds of rate cuts can mean lower returns on cash savings and fixed deposits over time, as banks adjust rates in anticipation of central bank moves.
Jobs and wages: A drop in the Expectations Index component often reflects worry about job security, which can be an early signal worth watching if you are negotiating pay or considering a job change.
Prices: Falling confidence can mean households pull back on spending, which over time may ease price pressure on goods and services, a dynamic central banks watch closely.
Investments, pensions and currencies: Consumer-facing stocks such as retailers and carmakers tend to be sensitive to this data. A weak reading can also weigh on the dollar if it raises expectations of rate cuts, with knock-on effects for the pound and euro exchange rates and for pension funds holding US equities.

Related events

Previous release: US Consumer Confidence, November 2026
Full series and schedule: US Consumer Confidence hub page
Compare with the University of Michigan Consumer Sentiment survey, published separately and covering a similar but distinct panel of households

Frequently Asked Questions
What time is the December Consumer Confidence report released?
It is scheduled for 10:00 am ET (3:00 pm London time) on December 29, 2026, though the Conference Board has not formally confirmed this date.
How do I read the Consumer Confidence Index?
A reading above 100 suggests confidence is stronger than the 1985 base period, while a reading below 100 suggests households are more pessimistic than that historical benchmark. Changes from month to month matter more than the absolute level.
Does Consumer Confidence affect interest rates?
Not directly, but the Federal Reserve monitors it as one of several gauges of consumer spending strength, which feeds into decisions on interest rates.
Where can I find the official release?
The data is published on The Conference Board’s website and distributed to major financial newswires at the time of release.
When is the next Consumer Confidence report?
The next release typically follows around the last Tuesday of the following month, in line with the Conference Board’s usual publication pattern.
← Previous US Consumer Confidence

FOMC Minutes December 2026
2026-12-30 14:00 - 15:00 (America/New_York)
Next FOMC Minutes: Wednesday, December 30, 2026 at 2:00 pm ET (7:00 pm London).
Date to be confirmed by the publisher; this is the scheduled date.

Consensus
Not yet published
Prior
Not independently verified for this release
Actual
Pending

Full schedule and background: FOMC Minutes.
Updated September 2, 2026

← Previous FOMC Minutes
The Federal Open Market Committee (FOMC) publishes the minutes of its December 2026 meeting on December 30, 2026 at 2:00 pm ET (7:00 pm London). The minutes are a detailed account of the discussion that took place at the meeting, released three weeks after the decision itself, and they give investors a fuller picture of the debate behind the Federal Reserve’s policy stance than the short statement issued on the day. Full schedule and background: FOMC Minutes.
What is the FOMC and what does it decide?
The FOMC is the Federal Reserve’s monetary policy committee. It sets the federal funds rate, the interest rate at which banks lend to each other overnight, which in turn influences borrowing costs across the US economy, from mortgages to credit cards to business loans. The Committee’s mandate, set by Congress, is to pursue maximum employment and stable prices, generally interpreted as inflation of around 2% over time.
The FOMC is made up of the seven members of the Federal Reserve Board of Governors and five of the twelve regional Federal Reserve Bank presidents, with the president of the Federal Reserve Bank of New York holding a permanent vote. The other reserve bank presidents vote on a rotating basis. The Committee meets eight times a year, roughly every six to seven weeks, to review economic data and decide whether to change, hold or continue adjusting interest rates.
Because the US dollar underpins global trade and borrowing, decisions made in this room in Washington ripple outward. Changes in the federal funds rate affect the cost of dollar funding for companies and governments worldwide, and they shape how central banks in London, Frankfurt and Tokyo think about their own policy paths.
When are the December 2026 FOMC minutes released?
The minutes are published on December 30, 2026 at 2:00 pm ET (7:00 pm London). The Federal Reserve has not yet formally confirmed this date at the time of writing, because minutes are typically released three weeks after the corresponding policy meeting, so the exact date can shift slightly depending on the Fed’s calendar. The underlying meeting itself would have taken place in mid-December 2026, with the rate decision and press conference announced on the final day, following the pattern the Fed uses at every meeting with updated economic projections.
Unlike the statement released immediately after a meeting, the minutes run to several thousand words and cover the Committee’s assessment of growth, the labour market, inflation, financial conditions and the risks around its outlook, along with the range of views expressed by participants on the appropriate path for interest rates.
What to expect
Because the federal funds rate for late 2026 depends on decisions the Committee has not yet made, and because no verified consensus forecast for the December 2026 minutes was found in official Federal Reserve sourcing, a consensus forecast has not yet been published for this specific release. Market participants typically use tools such as the CME FedWatch tool, which tracks futures pricing to estimate the probability of a rate change, and surveys such as the Reuters poll of economists, to gauge expectations ahead of both the meeting and the minutes.
The minutes themselves do not contain a new decision. Instead, traders and analysts read them for clues on how divided the Committee was, how policymakers characterised inflation and labour market risks, and whether any officials argued for a different pace of rate changes than the one chosen. This detail can move bond yields and the dollar even though no new rate decision is being made.
Market impact scenarios

Scenario
Likely market read
What it means in plain English

Minutes show broad consensus for the December decision
Muted reaction; markets treat the outcome as already priced in, according to typical trading desk commentary reported by Reuters after past minutes releases
Investors see little new information, so borrowing costs and stock prices are unlikely to move much on the day

Minutes reveal notable dissent or debate over further cuts
Bond yields and the dollar can become more volatile as traders reassess the pace of future rate changes
Mortgage rates and other borrowing costs could shift as investors adjust their expectations for the Fed’s next move

Minutes signal concern about persistent inflation
Markets may price in fewer or slower rate cuts, lifting the dollar and Treasury yields, per the pattern seen after past hawkish minutes
Higher expected borrowing costs for longer, which can weigh on stock valuations and mortgage affordability

What will the minutes signal?
Analysts will look closely at how the Committee described the balance of risks between inflation and employment, since this framing often previews the tone of future statements. Any language suggesting officials are divided over the appropriate pace of further changes, sometimes called “dissent risk”, tends to draw attention because it can hint at a bumpier path for rates in early 2027.
The minutes may also discuss the Fed’s balance sheet, the portfolio of Treasury bonds and mortgage-backed securities it holds, and whether the Committee debated slowing or stopping the reduction of that portfolio, a process known as quantitative tightening. Commentators watching for forward guidance will pay attention to any hints about the conditions the Fed would need to see before adjusting policy again.
What It Means for Your Money
For homeowners and buyers, the federal funds rate influences the cost of new mortgages and the rates on adjustable loans, so any signal from the minutes about the future path of rates can move mortgage pricing even without a new decision. Savers with cash in high-yield savings accounts or money market funds tend to see returns move in the same direction as the policy rate, so a hint of further cuts ahead can mean lower interest on cash over time.
Credit card and personal loan rates, which are often tied to the prime rate, follow the federal funds rate with a lag, so changes flagged in the minutes can filter through to household borrowing costs within a few statement cycles. For investors, stock and bond markets react to any shift in expectations about future Fed policy, since lower rates generally support share prices and bond values, while a more hawkish tone can weigh on both.
Beyond the US, the dollar’s moves affect the pound and the euro. A dollar that strengthens on hawkish minutes can make imports cheaper for US consumers but can squeeze emerging market borrowers and raise the cost of dollar-denominated debt for companies and governments in the UK, the eurozone and Asia. UK and eurozone mortgage rates are not directly set by the Fed, but global bond yields often move together, so a shift in US rate expectations can nudge gilt and Bund yields, feeding through to mortgage pricing in Britain and the eurozone. Pension funds and other institutional investors holding US assets are also exposed to these swings through their bond and equity portfolios.
Related events

Previous minutes release: FOMC Minutes, November 2026
Full FOMC schedule and background: FOMC Minutes hub
Check the Federal Reserve’s own calendar for the confirmed meeting and minutes dates at the Federal Reserve’s FOMC calendar

Frequently Asked Questions
What time are the December 2026 FOMC minutes released?
The minutes are scheduled for 2:00 pm ET (7:00 pm London) on December 30, 2026, though the Federal Reserve has not formally confirmed this date, since minutes are usually published three weeks after the underlying meeting.
Will the FOMC minutes contain a new rate decision?
No. The minutes are a record of the discussion at the meeting already held earlier in December 2026; the rate decision itself was announced at that meeting, not in the minutes.
What is the current federal funds rate?
The prevailing federal funds rate depends on the outcome of the FOMC’s mid-December 2026 meeting, which had not been independently verified through official Federal Reserve sourcing at the time this page was prepared.
When is the next FOMC meeting?
The FOMC typically meets eight times a year, roughly every six to seven weeks; check the Federal Reserve’s own calendar, linked above, for the confirmed date of the next meeting after December 2026.
Where can I read the minutes when they are published?
The minutes are published directly on the Federal Reserve’s website and are typically covered in real time by major financial news outlets such as Reuters and Bloomberg.
← Previous FOMC Minutes

China Official PMI December 2026
2026-12-30 20:30 - 21:30 (America/New_York)
Next China Official PMI: Thursday, December 31, 2026 at 9:30 am CST (8:30 pm ET, 1:30 am London).

Consensus
Not yet published
Prior
Manufacturing PMI around 49 to 50 in recent 2025-2026 NBS prints; November 2026 figure not yet confirmed
Actual
Pending

Full schedule and background: China Official PMI.
Updated September 2, 2026

← Previous China Official PMI
China’s official Purchasing Managers’ Index (PMI) for December 2026 is scheduled for release on December 31, 2026 at 9:30 am China Standard Time, which is 8:30 pm ET on December 31 and 1:30 am London time on January 1, 2027. The figures come from China’s National Bureau of Statistics (NBS), working with the China Federation of Logistics and Purchasing (CFLP), and cover business activity during December 2026. Full schedule and background: China Official PMI.
What is the China Official PMI?
The Purchasing Managers’ Index is a monthly survey of factory and service-sector managers, asking whether output, new orders, employment, prices and stock levels rose, fell or stayed the same compared with the previous month. The responses are combined into a single index. A reading above 50 signals expansion versus the prior month, while a reading below 50 signals contraction. It is one of the earliest indicators available each month for the world’s second-largest economy, published just as the reference month ends.
The NBS survey is split into a manufacturing index and a non-manufacturing (services and construction) index, which are then blended into a composite figure. Because the sample leans towards larger, state-linked firms, it is often read alongside the privately compiled RatingDog (formerly Caixin) PMI, which focuses more on smaller, export-facing manufacturers.
Investors, central banks and companies with China exposure watch the release closely because it is a timely gauge of demand in a country that supplies much of the world’s manufactured goods and consumes a large share of global commodities. Movements in the index can move currency markets, commodity prices and shares of companies that trade heavily with China, from German carmakers to Australian miners.
When is the December PMI released?
The NBS publishes the December 2026 reading on December 31, 2026 at 9:30 am local time in Beijing (8:30 pm ET, 1:30 am London the following day). The release is posted on the NBS website, with an English-language version typically following within a few days. Because December is the final month of the calendar year, this print also closes out the annual run of manufacturing and services data for 2026.
What is the consensus forecast?
At the time of writing, a consensus forecast for the December 2026 China Official PMI has not yet been published. Economist surveys for this release, typically compiled by Reuters and Bloomberg, are usually finalised only in the days immediately before the print, so readers should check back closer to December 31, 2026 for an updated median forecast.
The most recent confirmed NBS readings available show the manufacturing PMI at 49.2 for November 2025 and 50.1 for December 2025, according to the official NBS release. Later prints in early 2026 showed the index easing again, with the manufacturing index at 49.3 in January 2026 and 49.0 in February 2026, according to Trading Economics’ summary of NBS data. These figures illustrate the recent pattern of readings hovering close to the 50 no-change line rather than a confirmed prior for December 2026, which will depend on the November 2026 release.

Measure
Recent prior print
Consensus

Manufacturing PMI
Around 49 to 50 in late 2025 and early 2026 prints (NBS)
Not yet published

Non-manufacturing PMI
Typically in the low 50s in recent prints (NBS)
Not yet published

What the result could mean

Scenario
Likely market read
What it means in plain English

Above consensus
Possible support for the Chinese yuan and commodity-linked currencies such as the Australian dollar, alongside a lift for Asian equities
Chinese factories and services firms grew faster than expected, suggesting demand at home and abroad is holding up better than feared

In line with consensus
Muted reaction, since the number confirms what traders had already priced in
The economy is behaving broadly as expected, offering little new signal for policymakers or investors

Below consensus
Possible pressure on the yuan and on commodity prices, with analysts at ABN AMRO and other banks noting weak PMIs tend to fuel expectations of further Chinese stimulus
Activity is slowing more than expected, which could reduce demand for imported goods and raw materials from trading partners

These are possible reactions described by economists and market commentators, not predictions of how markets will actually move.
Why does this release matter right now?
China’s manufacturing PMI has spent an extended run below the 50 expansion threshold through much of 2025 and into 2026, according to NBS data compiled by Trading Economics, reflecting persistently weak domestic demand and intense price competition among factories. Analysts at ABN AMRO have noted that soft PMI prints of this kind tend to reinforce expectations that Beijing will lean further on fiscal and monetary support to safeguard growth.
Because the December print also marks the final data point of the year, it is often used by economists to judge whether stimulus measures rolled out earlier in 2026 succeeded in stabilising activity, and it feeds directly into forecasts for China’s full-year GDP growth, due separately from the National Bureau of Statistics.
What It Means for Your Money

Mortgages and rates: Weak Chinese data can add to global growth worries, which sometimes pushes bond yields lower and can feed through to mortgage pricing in the UK, US and eurozone, though the link is indirect and central bank decisions matter far more.
Savings: A slowing China has limited direct effect on domestic savings rates, but it can influence central bank thinking on inflation and growth, which in turn shapes interest rate paths that determine savings account returns.
Jobs and wages: Manufacturers and exporters in Europe, the UK and Asia that sell into or compete with China can see hiring plans shift if Chinese demand weakens or strengthens sharply.
Prices: Chinese factory activity affects the price of goods from electronics to clothing, and a pickup in Chinese manufacturing can also lift demand for industrial commodities, feeding into prices at the petrol pump or in construction materials.
Investments, pensions and currencies: Funds and pensions with exposure to Chinese equities, Asian markets or commodity producers can see short-term price swings around the release, while a weaker yuan following a soft PMI can make Chinese exports cheaper, affecting competing manufacturers in the eurozone and elsewhere.

Related events

China Official PMI, November 2026
China Official PMI, January 2027 (next scheduled release, date to be confirmed by the NBS)
China RatingDog (Caixin) Manufacturing PMI, a related private-sector survey often released alongside the official figures

Frequently Asked Questions
What time is the December 2026 China Official PMI released?
It is released at 9:30 am China Standard Time on December 31, 2026, which is 8:30 pm ET the same day and 1:30 am London time on January 1, 2027.
How do I read the PMI figure?
A reading above 50 means activity expanded compared with the previous month, a reading below 50 means it contracted, and the further from 50, the stronger the signal.
Does the China PMI affect UK and US interest rates?
Not directly, but weaker or stronger Chinese activity feeds into global growth and inflation expectations that central banks such as the Bank of England and the Federal Reserve weigh when setting policy.
Where can I find the official release?
The National Bureau of Statistics of China publishes the data on its official website, with an English translation usually following shortly afterwards.
When is the next China Official PMI release?
The next release covers January 2027 data and is expected around the first day of February 2027, following the NBS’s usual end-of-month publication pattern, though the exact date should be confirmed nearer the time.
← Previous China Official PMI

Is the Stock Market Open on New Year's Eve 2026? Bond Market Hours
2026-12-31 00:00 - 23:59 (America/New_York)
US Bond Market (SIFMA) close early at 2:00 pm local on Thursday, December 31, 2026 for New Year's Eve (Early Close).

Next holiday
New Year's Day, January 1, 2027
Regular hours
8:00 am to 5:00 pm ET (SIFMA recommended)

Full schedule and background: Bond Market Holidays.
Updated September 2, 2026

← Previous Bond Market Holidays
The US bond market closes early on Thursday, December 31, 2026, New Year’s Eve, with trading recommended to stop at 2:00 pm Eastern Time (7:00 pm in London). This early close is recommended by the Securities Industry and Financial Markets Association (SIFMA), the trade group that sets a standard holiday and early-close schedule for the US fixed income market covering Treasuries, corporate bonds and municipal bonds. The stock market itself, the NYSE and Nasdaq, is not affected and trades a full regular session. For the full run of dates, see the Bond Market Holidays calendar.
Orders placed on bonds after 2:00 pm ET on December 31 typically queue for settlement processing on the next business day, January 1, 2027, which is itself a public holiday, so the first full bond trading day of 2027 is Monday, January 4, 2027 (assuming no observed holiday shift applies).
Which markets are closed on New Year’s Eve 2026?

Market
Status
Notes

US Bond Market (SIFMA recommendation)
Early close, 2:00 pm ET
Covers Treasuries, agency debt, corporate and municipal bonds

NYSE and Nasdaq (equities)
Open (regular hours)
Full session, no early close scheduled

CME futures and options
Open, may shorten trading hours
Check CME holiday calendar for exact times

US equity options
Open (regular hours)
Follows equity market hours

London Stock Exchange (LSE)
Open (regular hours)
UK markets close for New Year’s Day, not New Year’s Eve

Euronext
Open (regular hours)
No scheduled early close for December 31

Tokyo Stock Exchange (TSE)
Closed
Japan observes year-end market holidays through early January

Is the market open the day before and after?
The trading day before, Wednesday, December 30, 2026, is a normal full session across bond and equity markets. On the day itself, Thursday, December 31, 2026, SIFMA recommends bond desks close at 2:00 pm ET rather than the usual 8:00 am to 5:00 pm ET session, while stocks trade their normal hours. The following day, Friday, January 1, 2027, is New Year’s Day, a full holiday closure for both bond and equity markets, so the next full trading session across all US markets is Monday, January 4, 2027.
Why do markets close for New Year’s Eve?
The early close on New Year’s Eve is a long-standing convention rather than a formal exchange holiday. It reflects thin trading volumes as institutional desks wind down positions and staff before the new year, and it gives back-office and settlement teams extra time to finalise year-end books, reconciliations and reporting before markets reopen in January. SIFMA has recommended this shortened session for the bond market for many years, and it typically pairs the early close with the day after Thanksgiving as the two standard shortened sessions each year.
What It Means for Your Money
If you hold bond funds or place a bond trade after 2:00 pm ET on December 31, your order generally queues for the next available session rather than executing immediately, which can affect settlement timing (often referred to as T+1, meaning trades settle one business day later). Equity trades are unaffected since stocks trade a normal session. If you receive interest payments or have bond maturities dated around year-end, check with your broker as processing may be delayed by the holiday closure on January 1. Bank transfers and payroll runs scheduled for December 31 or January 1 may also be delayed a day if they rely on the same clearing systems used by bond settlement. Cryptocurrency markets are unaffected, since they trade 24/7 regardless of traditional market hours.
Remaining Bond Market Holidays in 2026

New Year’s Eve (Early Close), Thursday, December 31, 2026, 2:00 pm ET

The next full bond market holiday closure after this date is New Year’s Day, January 1, 2027. See the complete list at Bond Market Holidays.
Frequently Asked Questions
Is the stock market open on New Year’s Eve 2026?
Yes. The NYSE and Nasdaq trade a full regular session on Thursday, December 31, 2026. Only the bond market observes an early close that day.
Is the bond market open on New Year’s Eve 2026?
Yes, but SIFMA recommends an early close at 2:00 pm Eastern Time rather than the usual 5:00 pm close.
What time does the bond market close on December 31, 2026?
SIFMA’s recommended close time is 2:00 pm ET, which is 7:00 pm in London.
When is the next market holiday after New Year’s Eve 2026?
The next holiday is New Year’s Day on January 1, 2027, when both bond and equity markets are closed.
Are banks open on New Year’s Eve 2026?
Most US banks remain open for regular business on December 31, though some may close early; the following day, January 1, is a federal holiday and banks are closed.
← Previous Bond Market Holidays

Is the Stock Market Open on New Year's Eve 2026? LSE Hours
2026-12-31 00:00 - 23:59 (America/New_York)
London Stock Exchange close early at 12:30 pm local on Thursday, December 31, 2026 for New Year's Eve (Early Close).

Next holiday
New Year's Day, January 1, 2027
Regular hours
8:00 am to 4:30 pm UK time

Full schedule and background: LSE Holidays.
Updated September 2, 2026

← Previous LSE Holidays
The London Stock Exchange is open on Wednesday, December 31, 2026, but trading finishes early at 12:30 pm UK time instead of the usual 4:30 pm close. This is a shortened session, not a full closure, so orders can still be placed and executed on New Year’s Eve, but only until the early cut-off. Any orders entered after 12:30 pm will queue for the next trading day. For the full run of dates, see the LSE holiday calendar.
Which markets are closed on New Year’s Eve 2026?

Market
Status
Notes

LSE equities
Early close
Trading ends at 12:30 pm London time instead of 4:30 pm

UK gilts and bonds
Early close (typical)
UK bond markets generally follow a shortened session alongside equities on this day

LSE derivatives
Early close
Options and futures linked to LSE-listed instruments typically close in line with the cash market

NYSE and Nasdaq
Open (regular hours)
US markets do not shorten trading for New Year’s Eve unless it falls on a different observed date

Euronext (Paris, Amsterdam, Brussels)
Early close
Euronext markets also typically shorten trading on December 31

Tokyo Stock Exchange
Closed
The TSE observes a year-end holiday period that includes December 31

Always check the official London Stock Exchange business days calendar nearer the date, as exchanges occasionally amend year-end schedules.
Is the market open the day before and after?
Tuesday, December 30, 2026 is a normal full trading day on the LSE, running from 8:00 am to 4:30 pm UK time. Wednesday, December 31, 2026 is the shortened session described above, with trading stopping at 12:30 pm. The LSE is then closed on Thursday, January 1, 2027 for New Year’s Day, meaning the next full trading day is Friday, January 2, 2027 (subject to confirmation nearer the time).
Why do markets close for New Year’s Eve?
Exchanges around the world shorten or suspend trading around the turn of the year to allow staff, brokers and back-office teams time to complete year-end settlement, reconciliation and reporting before the new financial year begins. A shortened session on New Year’s Eve also reflects that trading volumes tend to thin out as investors and institutions wind down positions ahead of the holiday period.
What It Means for Your Money
If you hold UK shares or funds through an ISA or pension, an early close simply means your broker’s dealing window shuts sooner that day. Orders placed after 12:30 pm on December 31 will typically be queued and executed when the market reopens. Settlement of any trades made that day may be pushed back slightly given the shortened session and the following day’s closure. If you have options or futures expiring around this date, check with your broker whether the shortened hours affect expiry timing. Bank transfers and payroll processing in the UK are not directly affected by the stock market’s hours, though some banks may have their own reduced year-end schedules. Cryptocurrency markets, by contrast, trade 24/7 and are unaffected by exchange holidays.
Remaining LSE holidays in 2026
December 31, 2026 (early close) is the final adjusted trading session of the year. The next scheduled closure is New Year’s Day, January 1, 2027. For the complete list of LSE closures and early closes across the year, see the LSE holiday calendar.
Frequently Asked Questions
Is the London Stock Exchange open on December 31, 2026?
Yes, it is open but only for a shortened session, closing at 12:30 pm UK time instead of the usual 4:30 pm.
Is the UK bond market open on New Year’s Eve?
UK bond trading typically follows a shortened session alongside equities on this day, though investors should confirm timing with their broker.
What time does the LSE close on New Year’s Eve 2026?
Trading is scheduled to stop at 12:30 pm London time, five hours earlier than the regular 4:30 pm close.
When is the next LSE market holiday after this?
The next closure is New Year’s Day, Thursday, January 1, 2027, when the exchange is fully closed.
Are UK banks open on New Year’s Eve 2026?
Most UK banks operate on their normal schedule on December 31, though some branches may have adjusted hours; the stock market’s early close does not automatically affect banking hours.
← Previous LSE Holidays

Is the Stock Market Open on New Year's Eve 2026? Euronext Hours
2026-12-31 00:00 - 23:59 (America/New_York)
Euronext (Paris, Amsterdam, Brussels, Lisbon) close early at 2:05 pm local on Thursday, December 31, 2026 for New Year's Eve (Half Trading Day).

Next holiday
New Year's Day, January 1, 2027
Regular hours
9:00 am to 5:30 pm CET/CEST

Full schedule and background: Euronext Holidays.
Updated September 2, 2026

← Previous Euronext Holidays
Euronext markets in Paris, Amsterdam, Brussels and Lisbon are open on Thursday, December 31, 2026, but they close early for New Year’s Eve. Instead of the regular closing time, trading ends at 2:05 pm local time (CET/CEST), roughly three and a half hours before the usual close. Orders placed after 2:05 pm will not be filled that day and will queue for the next session, which opens as normal on Friday, January 2, 2027, since January 1 is New Year’s Day and a full market holiday. Full schedule and background: Euronext Holidays.
An early close is not a closure. The exchange still opens at its usual time and a full morning and early afternoon session takes place, it simply ends sooner than the standard 5:30 pm finish. This pattern is common on the trading days before major holidays across European and US exchanges.
Which markets are closed on New Year’s Eve 2026?

Market
Status
Notes

Euronext equities (Paris, Amsterdam, Brussels, Lisbon)
Early close
Closes at 2:05 pm CET/CEST instead of 5:30 pm

Euronext derivatives
Early close
Trading hours are shortened to align with the cash market close

New York Stock Exchange and Nasdaq
Open (regular hours)
US markets typically trade a full session on December 31 unless it falls on a weekend

London Stock Exchange (LSE)
Early close
The LSE also shortens trading hours on New Year’s Eve, though timings can differ from Euronext

Tokyo Stock Exchange (TSE)
Closed
Japanese markets typically close for the year-end holiday period in late December

US bond market (SIFMA)
Open (regular hours)
No early recommendation is usually issued for December 31 unless it falls close to a federal holiday

Always check the official Euronext trading hours and holidays calendar closer to the date, as exchange notices can adjust exact closing times for individual instrument types such as ETFs.
Is the market open the day before and after?
Euronext trades a full regular session on Wednesday, December 30, 2026, the trading day before New Year’s Eve, with normal hours of 9:00 am to 5:30 pm CET/CEST. On the day itself, Thursday, December 31, 2026, the market opens as usual at 9:00 am but closes early at 2:05 pm local time. The next trading day is Friday, January 2, 2027, because Thursday, January 1, 2027 is New Year’s Day, a full market holiday when Euronext exchanges are closed entirely.
This means investors effectively face a short trading week either side of the new year, with one early close and one full closure in quick succession. Anyone placing time-sensitive orders around this period should account for the shortened session on December 31 and the complete closure on January 1.
Why do markets close for New Year’s Eve?
Exchanges across Europe, including Euronext’s markets in Paris, Amsterdam, Brussels and Lisbon, have long observed a shortened session on the final trading day of the calendar year. The early close gives banks, brokers, clearing houses and back-office staff extra time to complete year-end settlement, reconciliation and reporting before the holiday break, work that is more demanding at year-end than on an ordinary day.
The practice also reflects lower trading volumes in the final hours of the year, as many institutional investors and fund managers have already closed their books for annual performance reporting. Shortening the session reduces the operational burden without removing a full day of liquidity from the market.
What It Means for Your Money
If you place a trade after 2:05 pm CET on December 31, 2026, it will not execute that day. Most brokers will queue the order for the next session on January 2, 2027, though some platforms may reject after-hours orders outright, so check your broker’s specific cut-off policy.
Settlement is also affected. Trades typically settle on a T+1 basis (one business day after the trade), so a trade executed on December 31 would normally settle on January 2, 2027, since January 1 is a holiday. This can matter if you are relying on funds from a sale being available by a specific date, for example to fund a related purchase or meet a margin call.
Dividend payments and options expiries scheduled for December 31 or January 1 may also shift to the next business day, so check the specific terms of any holdings or contracts you have. Bank transfers and payroll runs in eurozone countries can also be delayed around the year-end break, since many banks reduce staffing during the holiday period. Cryptocurrency markets are unaffected by any of this, as they trade continuously, 24 hours a day, 365 days a year, including on Euronext holidays.
For pension savers and long-term investors, a single early close or holiday closure has no meaningful effect on portfolio value. The main practical impact is on timing, not on the underlying value of investments held through Euronext-listed shares, bonds or funds.
Remaining Euronext holidays in 2026
December 31, 2026 (New Year’s Eve, early close) is the final trading adjustment of the year on Euronext markets. The next scheduled market holiday after this date is New Year’s Day, observed on January 1, 2027, when Euronext exchanges in Paris, Amsterdam, Brussels and Lisbon are fully closed. For the complete list of Euronext closures and early closes across the year, see the Euronext Holidays calendar.
Frequently Asked Questions
Is the stock market open on New Year’s Eve 2026?
Yes, Euronext markets in Paris, Amsterdam, Brussels and Lisbon are open on December 31, 2026, but trading ends early at 2:05 pm local time instead of the usual 5:30 pm close.
Is the bond market open on New Year’s Eve 2026?
Euronext’s own bond listings follow the same early close as equities. The US bond market, tracked by SIFMA recommendations, typically trades regular hours on December 31 unless it coincides with another holiday.
What time does Euronext close on December 31, 2026?
Euronext closes at 2:05 pm CET/CEST on New Year’s Eve 2026, roughly three and a half hours earlier than its standard 5:30 pm finish.
When is the next Euronext market holiday after New Year’s Eve 2026?
The next Euronext holiday is New Year’s Day, observed on January 1, 2027, when Paris, Amsterdam, Brussels and Lisbon exchanges are fully closed.
Are banks open on New Year’s Eve 2026 in the eurozone?
Many eurozone banks operate with reduced hours or limited staffing on December 31, which can slow down transfers and processing, even though branches are not typically required to close entirely.
← Previous Euronext Holidays

Is the Stock Market Open on New Year's Eve 2026? SIX Swiss Hours
2026-12-31 00:00 - 23:59 (America/New_York)
SIX Swiss Exchange are closed on Thursday, December 31, 2026 for New Year's Eve.

Next holiday
New Year's Day, January 1, 2027
Regular hours
9:00 am to 5:30 pm CET/CEST

Full schedule and background: SIX Swiss Holidays.
Updated September 2, 2026

← Previous SIX Swiss Holidays
The SIX Swiss Exchange is closed on Thursday, December 31, 2026 for New Year’s Eve. No equities, bonds or derivatives trade on the Swiss market that day. Orders entered on the holiday will simply queue and be released when trading resumes on Friday, January 1, 2027, except that January 1 is itself a public holiday (New Year’s Day), so the next live session is actually the following business day. For the full year-round schedule, see the SIX Swiss holiday calendar.
Because New Year’s Eve falls in the final days of the calendar year, it also marks the last trading session cut-off for some year-end reporting and index rebalancing work at Swiss-listed firms, though this varies by company and is not itself dictated by the exchange closure.
Which markets are closed on New Year’s Eve 2026?

Market
Status
Notes

SIX Swiss Exchange (equities)
Closed
Full-day closure for New Year’s Eve, December 31, 2026

SIX Swiss bonds
Closed
Fixed income trading follows the equity market calendar

SIX Swiss derivatives
Closed
Options and futures on Swiss underlyings do not trade

London Stock Exchange (LSE)
Open (regular hours)
The UK does not observe New Year’s Eve as a market holiday

Euronext (Paris, Amsterdam, Brussels)
Closed early or open, check local notice
Some Euronext venues shorten trading on December 31; confirm via the Euronext calendar

New York Stock Exchange and Nasdaq
Open (regular hours)
The US market treats December 31 as a normal trading day unless it falls on a weekend

Tokyo Stock Exchange (TSE)
Closed
Japan observes an extended year-end closure through the New Year period

Always confirm early closes or partial-day arrangements directly with the relevant exchange, since some venues in continental Europe shorten hours rather than close fully on New Year’s Eve.
Is the market open the day before and after?
Wednesday, December 30, 2026 is a normal full trading day on SIX Swiss, with regular hours of 9:00 am to 5:30 pm CET/CEST. The exchange is then closed on Thursday, December 31, 2026 for New Year’s Eve and closed again on Friday, January 1, 2027 for New Year’s Day. Trading resumes on the next business day after January 1. There is no scheduled early close for SIX Swiss ahead of the holiday; the exchange simply does not open at all on the day itself.
Why do markets close for New Year’s Eve?
Exchanges close on New Year’s Eve largely as a practical matter: back-office and settlement teams need time to complete year-end reconciliation, and many market participants take the final working day of the year as leave. Closing the exchange avoids thin trading volumes and reduces operational risk during a period when staffing across banks and brokers is typically reduced.
The tradition of a year-end market pause is common across many European exchanges, reflecting both cultural custom and the practical need to finalise annual accounts before markets reopen for the new trading year.
What It Means for Your Money
If you place an order with a Swiss broker on December 31, 2026, it will not execute until the market next opens, since the exchange itself is shut. Trades already executed before the holiday still settle according to the standard settlement cycle (typically T+2 for Swiss equities), so a trade done on December 30 will settle slightly later than usual once the holiday and weekend are accounted for. Dividend payment dates and options expiry dates that would otherwise fall on December 31 are shifted to the nearest business day. Swiss banks generally remain open for basic transactions on New Year’s Eve, though some may close early, so check with your own bank if you need a same-day transfer. Payroll runs scheduled near year-end can also be affected, so employees paid via Swiss banking rails should check processing dates with their employer. Cryptocurrency markets are unaffected and continue trading 24 hours a day, seven days a week, since they are not tied to any exchange’s holiday calendar.
Remaining SIX Swiss holidays in 2026
No further SIX Swiss Exchange holidays remain after New Year’s Eve for the 2026 calendar year. The next scheduled closure is New Year’s Day, January 1, 2027, marking the start of the following year’s holiday schedule. Investors and traders planning ahead should check the SIX Swiss holiday calendar once the 2027 schedule is published in full.
Frequently Asked Questions
Is the stock market open on New Year’s Eve 2026?
No. The SIX Swiss Exchange is closed on Thursday, December 31, 2026 for New Year’s Eve.
Is the bond market open on New Year’s Eve 2026?
No. Swiss fixed income trading on SIX follows the same closure as the equity market on December 31, 2026.
What time does the Swiss market close before the holiday?
On the prior trading day, Wednesday, December 30, 2026, SIX Swiss trades its regular hours of 9:00 am to 5:30 pm CET/CEST with no early close scheduled.
When is the next market holiday after New Year’s Eve?
The next SIX Swiss holiday is New Year’s Day, Friday, January 1, 2027.
Are Swiss banks open on New Year’s Eve?
Most Swiss banks remain open on December 31, though some branches may close early; customers needing time-sensitive transfers should confirm hours with their own bank in advance.
← Previous SIX Swiss Holidays

Is the Stock Market Open on New Year's Eve 2026? HKEX Hours
2026-12-31 00:00 - 23:59 (America/New_York)
Hong Kong Stock Exchange close early at 12:00 pm local on Thursday, December 31, 2026 for New Year's Eve (Half-Day Trading).

Next holiday
New Year's Day, January 1, 2027
Regular hours
9:30 am to 12:00 pm and 1:00 pm to 4:00 pm HKT

Full schedule and background: HKEX Holidays.
Updated September 2, 2026

← Previous HKEX Holidays
The Hong Kong Stock Exchange (HKEX) runs a shortened half-day trading session on Thursday, December 31, 2026, to mark New Year’s Eve. Trading closes at 12:00 pm local time (Hong Kong Time, HKT) instead of the usual 4:00 pm close, with only the morning session (9:30 am to 12:00 pm) taking place and no afternoon session. There is no equivalent US session close time to compare, as this affects the Hong Kong market only. Full schedule and background: HKEX holiday calendar.
Because the exchange shuts three and a half hours early, orders placed after 12:00 pm HKT on December 31 will not execute until the next trading session, which is Friday, January 2, 2026. Investors holding Hong Kong-listed shares, exchange-traded funds or derivatives should place any time-sensitive orders before the early close.
Which markets are closed on New Year’s Eve 2026?

Market
Status
Notes

HKEX equities (Main Board and GEM)
Half-day trading
Morning session only, 9:30 am to 12:00 pm HKT; closes at 12:00 pm

HKEX derivatives (futures and options)
Half-day trading
Trading typically ends at or shortly after the securities market close on this day

Stock Connect (Northbound/Southbound)
Half-day trading
Follows the HKEX morning-session schedule

New York Stock Exchange and Nasdaq
Open (regular hours)
New Year’s Eve is not a US market holiday; the NYSE closes early at 1:00 pm ET only when December 31 falls on specific calendar arrangements set by the exchange, so check the NYSE holiday page for the exact 2026 schedule

London Stock Exchange (LSE)
Open (regular hours)
The UK market typically closes early at 12:30 pm GMT on New Year’s Eve when it falls on a weekday, but confirm on the LSE holiday calendar

Euronext
Open (regular hours)
Euronext markets often close early on December 31; check the exchange’s own calendar for confirmation

Tokyo Stock Exchange (TSE)
Closed
The TSE typically observes a year-end market holiday around this date under Japan’s New Year holiday period

Is the market open the day before and after?
Wednesday, December 30, 2026 is a full, regular trading day on the HKEX, running the normal hours of 9:30 am to 12:00 pm and 1:00 pm to 4:00 pm HKT. Thursday, December 31, 2026 is the half-day session described above, closing at 12:00 pm HKT with no afternoon leg. The exchange is closed on Friday, January 1, 2027 for New Year’s Day, so the next full trading day is Monday, January 4, 2027 (assuming no additional holiday falls that week).
Why do markets close early for New Year’s Eve?
Shortened trading on the last business day of the calendar year is a long-standing convention across many exchanges, allowing back-office and clearing staff time to complete year-end settlement, reconciliation and reporting before the new year begins. HKEX has historically scheduled a half-day session on December 31 when it falls on a weekday, rather than closing the market entirely.
What It Means for Your Money
If you place an order on Hong Kong-listed shares or funds after the 12:00 pm HKT close on December 31, it will queue for execution at the next session’s open on January 2, 2026. Settlement, which in Hong Kong typically follows a T+2 cycle, will be pushed back accordingly, so trades executed on this half-day may settle slightly later than a normal full trading day. Dividend record dates and options expiry timings tied to this date should be checked against the HKEX official calendar, since a shortened session can affect cut-off times. Bank transfers and payroll processing in Hong Kong are generally unaffected by the exchange’s half-day, as banks follow their own calendar. Cryptocurrency markets are not affected at all, since they trade 24 hours a day, seven days a week, regardless of exchange holidays.
Remaining HKEX holidays in 2026
December 31, 2026 (half-day trading) is the final adjusted session of the year. The next scheduled closure is New Year’s Day, Friday, January 1, 2027, when HKEX will be fully closed.
Frequently Asked Questions
Is the Hong Kong Stock Exchange open on December 31, 2026?
Yes, but only for a shortened morning session from 9:30 am to 12:00 pm HKT; there is no afternoon session that day.
What time does HKEX close on New Year’s Eve 2026?
The exchange closes at 12:00 pm local time, several hours earlier than its usual 4:00 pm close.
Is the bond market open on this day?
HKEX has not published a separate bond market closure for this date; investors should confirm directly with HKEX’s official calendar for fixed income trading arrangements.
When is the next HKEX market holiday after this?
The next holiday is New Year’s Day on Friday, January 1, 2027, when the exchange will be fully closed.
Are Hong Kong banks open on December 31, 2026?
Hong Kong banks generally operate on their own schedule separate from the stock exchange, so most retail banking services are expected to run as normal on this date, though customers should check with their individual bank for confirmation.
← Previous HKEX Holidays
