European stocks: Moderate gains despite Christmas break 💡

• European stocks mostly gain despite holiday slump
• Vistry cuts profit forecast for this year; shares lose more than 18%
• Renault gains 2% after Nissan and Honda merger gains momentum

Tuesday's festive session on European markets is marked by limited volatility driven by lower trading volume. Individual European indices, despite the fact that many of them are closed during Tuesday's session, are slightly gaining. 

Source: xStation

Looking at individual sectors, we can see that where there is trading today, increases with only a few exceptions are dominant. The scale of these movements, however, is not large. The banking, fuel and fashion sectors are doing particularly well today. 

Source: xStation

Company news:

Vistra's (VTY.UK) shares are losing more than 18% in today's session after the company once again lowered its pre-tax profit forecast for the year by another £50 million to £250 million. The company said it will take longer to finalize a number of agreements with partners. The company had already lowered forecasts in October and November. 

Renault (RNO.FR) shares are gaining 2% after Nissan and Honda merger talks gained momentum. Recall that Renault Group is one of Nissan's major shareholders. Oddo BHF reaffirmed its “outperform” recommendation and €60 target price for Renault.