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Global Equities, Derivatives & Fixed Income

Global Stock Exchange & Bond Market Holiday Schedule (2026–2027)

Track full-day trading halts, Christmas Eve and Black Friday early-close sessions, T+1 equity settlement shifts, and bond market divergences across 48 financial centers.

When do stock exchanges stay open on statutory bank holidays?

Major securities exchanges frequently diverge from national civil and banking calendars. In the United States, NYSE and NASDAQ remain open on Columbus Day (12 Oct) and Veterans Day (11 Nov) while Federal Reserve banks and SIFMA bond markets close, creating a T+1 settlement pause. Across the Eurozone, Euronext and Xetra close on only 6 to 8 core holidays, remaining open for full equity trading on national holidays such as Bastille Day (14 July), Assumption Day (15 August), and Hispanic Day (12 October).

48
National Stock Exchanges
13:00 EST
NYSE Nov 27 & Dec 24 Close
12:30 GMT
LSE Dec 24 & Dec 31 Close
T+1
US / CA / MX Settlement Cycle
Country Primary Exchange & Hours 2026–2027 Holiday Closure Rule Christmas Eve / Early Closes Fixed-Income / Bond Market
United States flag United States (US)
Americas
NYSE & NASDAQ
Hours: 09:30–16:00 EST
Closed on 9 holidays (Open Columbus Day Oct 12 & Veterans Day Nov 11)
13:00 EST early close on Jul 3 (if weekday), Nov 27 (Black Friday), Dec 24 (Christmas Eve)
SIFMA closes on all 11 Federal holidays + 14:00 EST early close before major holidays
United Kingdom flag United Kingdom (GB)
Europe
London Stock Exchange (LSE)
Hours: 08:00–16:30 GMT/BST
Closed on all 8 England & Wales Bank Holidays (Open on Scottish-only 2 Jan & Aug 3)
12:30 GMT early close on Christmas Eve (24 Dec) & New Year's Eve (31 Dec)
UK Gilt market follows LSE & Bank of England CHAPS calendar
Canada flag Canada (CA)
Americas
Toronto Stock Exchange (TSX)
Hours: 09:30–16:00 EST
Closed on 10 holidays (Open Sep 30 Truth & Reconciliation & Nov 11 Remembrance Day)
13:00 EST early close on Christmas Eve (24 Dec)
IIROC Canadian debt markets close on all 11 federal holidays including Nov 11
India flag India (IN)
Asia-Pacific
NSE & BSE India
Hours: 09:15–15:30 IST
Closed on ~15 Maharashtra/National circular holidays
Special 1-hour evening Muhurat Trading session on Diwali (Sun, 8 Nov 2026)
RBI NDS-OM government securities market closes on Mumbai NI Act bank holidays
Australia flag Australia (AU)
Asia-Pacific
Australian Securities Exchange (ASX)
Hours: 10:00–16:00 AEST/AEDT
Closed on 8 national holidays (Open on state-only holidays like Melbourne Cup Nov 3)
14:10 AEDT early close on Christmas Eve (24 Dec) & New Year's Eve (31 Dec)
AFMA Australian fixed income follows ASX & NSW bank holiday schedule
Germany flag Germany (DE)
Europe
Frankfurt Stock Exchange (Xetra / Börse Frankfurt)
Hours: 09:00–17:30 CET/CEST
Closed on 6 TARGET2 days + 24 Dec (Christmas Eve) & 31 Dec (Silvester)
Full-day closure on 24 Dec & 31 Dec (Last trading day 30 Dec closes 14:00 CET)
Bundesanleihen & Eurex derivatives follow Xetra calendar
France flag France (FR)
Europe
Euronext Paris
Hours: 09:00–17:30 CET/CEST
Closed on 6 core holidays (1 Jan, Good Fri, Easter Mon, 1 May, 25–26 Dec)
14:05 CET early close on Christmas Eve (24 Dec) & New Year's Eve (31 Dec)
OAT French Treasury market follows Euronext & TARGET2 calendar
Japan flag Japan (JP)
Asia-Pacific
Tokyo Stock Exchange (TSE / JPX)
Hours: 09:00–15:30 JST (extended 2024+ closing time)
Closed on all 16 national holidays, Furikae Mondays, plus Dec 31 & Jan 1–3
No half-day sessions (Dec 30 is full-day final session of the year)
JSDA JGB bond market mirrors TSE & BOJ-NET calendar
United Arab Emirates flag United Arab Emirates (AE)
Middle East & Africa
Dubai Financial Market (DFM) & ADX
Hours: 10:00–15:00 GST (Mon–Fri)
Closed on all Federal Cabinet public holidays (Eid al-Fitr, Eid al-Adha, National Day)
No standard early close
UAE Dirham treasury & sukuk markets follow CBUAE calendar
Saudi Arabia flag Saudi Arabia (SA)
Middle East & Africa
Saudi Exchange (Tadawul)
Hours: 10:00–15:00 AST (Sun–Thu)
Extended 6–10 day market halts for Eid al-Fitr and Eid al-Adha; closed Feb 22 & Sep 23
No early close sessions
Tadawul Sukuk & Debt market follows Saudi Exchange calendar
Kenya flag Kenya (KE)
Middle East & Africa
Nairobi Securities Exchange (NSE)
Hours: 09:00–15:00 EAT
Closed on all gazetted holidays and Section 3 observed Mondays
No half-day early close sessions
CBK Treasury bond settlement follows KEPSS calendar
Singapore flag Singapore (SG)
Asia-Pacific
Singapore Exchange (SGX)
Hours: 09:00–17:00 SGT
Closed on all 11 gazetted holidays and Section 88(4) observed Mondays
12:00 SGT half-day trading on Lunar New Year's Eve, Christmas Eve (24 Dec) & New Year's Eve (31 Dec)
MAS SGS bond settlement mirrors MEPS+ calendar
South Africa flag South Africa (ZA)
Middle East & Africa
Johannesburg Stock Exchange (JSE)
Hours: 09:00–17:00 SAST
Closed on all 12 statutory holidays and Monday rollovers
Early close on 24 Dec & 31 Dec when designated by JSE notice
JSE Debt Market follows SAMOS calendar
New Zealand flag New Zealand (NZ)
Asia-Pacific
New Zealand Exchange (NZX)
Hours: 10:00–16:45 NZST/NZDT
Closed on all 11 national holidays and Mondayised dates
12:45 NZDT half-day trading on Christmas Eve (24 Dec) & New Year's Eve (31 Dec)
NZ Debt Market (NZDX) follows NZX calendar
Ireland flag Ireland (IE)
Europe
Euronext Dublin
Hours: 08:00–16:30 GMT/IST
Closed on 6 TARGET2 holidays + Irish Bank Holidays per Euronext Dublin schedule
12:30 GMT early close on Christmas Eve (24 Dec) & New Year's Eve (31 Dec)
NTMA Irish Government Bonds follow TARGET2 calendar
Netherlands flag Netherlands (NL)
Europe
Euronext Amsterdam
Hours: 09:00–17:30 CET/CEST
Closed on 6 core holidays (Open on King's Day Apr 27, Liberation Day May 5, Ascension May 14, Whit Mon May 25)
14:05 CET early close on Christmas Eve (24 Dec) & New Year's Eve (31 Dec)
DSTA Dutch State Treasury follows Euronext & TARGET2 calendar
Switzerland flag Switzerland (CH)
Europe
SIX Swiss Exchange
Hours: 09:00–17:30 CET/CEST
Closed on 1–2 Jan, Good Fri, Easter Mon, 1 May, Ascension, Whit Mon, 1 Aug, 24–26 Dec, 31 Dec
Full-day closure on 24 Dec (Christmas Eve) & 31 Dec (Silvester)
Swiss Confederation bonds follow SIX Swiss Exchange calendar
Sweden flag Sweden (SE)
Europe
Nasdaq Stockholm
Hours: 09:00–17:30 CET/CEST
Closed on all weekday red days plus Midsummer Eve (19 Jun), Christmas Eve (24 Dec), New Year's Eve (31 Dec)
13:00 CET half-day trading on 5 Jan (Trettondagsafton), 2 Apr (Skärtorsdagen), 30 Apr (Valborg), 13 May, 30 Oct
Swedish fixed income closes at 12:00 CET on half-days
Spain flag Spain (ES)
Europe
Bolsa de Madrid (BME)
Hours: 09:00–17:30 CET/CEST
Closed on 6 TARGET2 holidays (1 Jan, Good Fri, Easter Mon, 1 May, 25–26 Dec)
14:00 CET early close on Christmas Eve (24 Dec) & New Year's Eve (31 Dec)
AIAF & Tesoro Público follow BME / TARGET2 calendar
Italy flag Italy (IT)
Europe
Borsa Italiana (Euronext Milan)
Hours: 09:00–17:30 CET/CEST
Closed on 6 TARGET2 days + Ferragosto (15 Aug), Christmas Eve (24 Dec) & New Year's Eve (31 Dec)
Full-day closure on 24 Dec & 31 Dec on Borsa Italiana
MOT / MTS Italian BTP bond market follows Borsa Italiana / TARGET2
Brazil flag Brazil (BR)
Americas
B3 (Brasil, Bolsa, Balcão)
Hours: 10:00–17:00 BRT
Closed on all national holidays, Carnival Mon–Tue, Corpus Christi, and Dec 31 (Ash Wednesday opens 13:00 BRT)
Ash Wednesday (18 Feb 2026) delayed opening at 13:00 BRT; closed Dec 24 & Dec 31
Tesouro Direto & SELIC follow BCB STR & FEBRABAN calendar
Mexico flag Mexico (MX)
Americas
Bolsa Mexicana de Valores (BMV) & BIVA
Hours: 08:30–15:00 CST
Closed on all 8 LFT holidays PLUS Maundy Thu (2 Apr), Good Fri (3 Apr), Nov 2, and Dec 12
No half-day early close sessions
Mexican Cetes & MBonos follow CNBV bank calendar
Thailand flag Thailand (TH)
Asia-Pacific
Stock Exchange of Thailand (SET)
Hours: 10:00–12:30 & 14:00–16:30 ICT
Mirrors Bank of Thailand (BOT) official holiday calendar (~19 days in 2026)
No half-day early close sessions
ThaiBMA bond market follows BOT calendar
Philippines flag Philippines (PH)
Asia-Pacific
Philippine Stock Exchange (PSE)
Hours: 09:30–12:00 & 13:00–15:00 PHT
Closed on all Regular Holidays and Special Non-Working Days proclaimed by the President
Full-day closure on Dec 31 (Last Day of the Year Special Non-Working Day)
PDEx fixed income follows BSP PhilPaSSplus calendar
Nigeria flag Nigeria (NG)
Middle East & Africa
Nigerian Exchange (NGX)
Hours: 10:00–14:30 WAT
Closed on all Federal Ministry of Interior proclaimed holidays and Monday/Tuesday rollovers
No half-day early close sessions
FMDQ Securities Exchange follows CBN calendar
Malaysia flag Malaysia (MY)
Asia-Pacific
Bursa Malaysia
Hours: 09:00–12:30 & 14:30–17:00 MYT
Closed on all Federal and Wilayah Persekutuan (KL) public holidays
12:30 MYT half-day trading on Lunar New Year's Eve & Hari Raya Aidilfitri Eve
BNM FAST bond market follows RENTAS KL calendar
Indonesia flag Indonesia (ID)
Asia-Pacific
Indonesia Stock Exchange (IDX / BEI)
Hours: 09:00–12:00 & 13:30–16:00 WIB
Closed on all national holidays, Cuti Bersama days, and Dec 31
Full-day exchange closure on Dec 31
Indonesian SBN bond market follows BI-RTGS & IDX calendar
South Korea flag South Korea (KR)
Asia-Pacific
Korea Exchange (KRX)
Hours: 09:00–15:30 KST
Closed on all statutory/substitute holidays plus Workers' Day (1 May) & Year-End Closure (31 Dec)
Delayed 10:00 KST opening on CSAT (Suneung) exam day in November; closed Dec 31
KTB bond market follows KRX & BOK-Wire+ calendar
Pakistan flag Pakistan (PK)
Asia-Pacific
Pakistan Stock Exchange (PSX)
Hours: 09:30–15:30 PKT (Mon–Thu); Two sessions on Friday
Closed on Cabinet Division public holidays
Shortened Ramadan trading hours
SBP Primary Dealer market closes on SBP bank holidays
Bangladesh flag Bangladesh (BD)
Asia-Pacific
Dhaka Stock Exchange (DSE) & CSE
Hours: 10:00–14:30 BST (Sun–Thu)
Closed on Fri–Sat weekends and all Bangladesh Bank holidays
Shortened Ramadan trading hours
Bangladesh Bank Treasury market follows BD-RTGS calendar
Egypt flag Egypt (EG)
Middle East & Africa
The Egyptian Exchange (EGX)
Hours: 10:00–14:30 EET (Sun–Thu)
Closed on Fri–Sat and all Prime Ministerial / CBE holiday declarations
Shortened Ramadan trading session
Egyptian Treasury market follows CBE calendar
Poland flag Poland (PL)
Europe
Warsaw Stock Exchange (GPW)
Hours: 09:00–17:00 CET/CEST
Closed on all 14 statutory holidays (including Dec 24 Wigilia) plus Dec 31 (New Year's Eve)
Full-day closure on Dec 24 & Dec 31
Treasury BondSpot Poland follows GPW calendar
China flag China (CN)
Asia-Pacific
Shanghai (SSE) & Shenzhen (SZSE) Stock Exchanges
Hours: 09:30–11:30 & 13:00–15:00 CST
Closed during all Golden Week blocks AND closed on Saturday/Sunday makeup workdays
No early close sessions
China Interbank Bond Market (CIBM) opens on weekend makeup workdays; exchange bonds close
Morocco flag Morocco (MA)
Middle East & Africa
Casablanca Stock Exchange (BVC)
Hours: 09:00–15:30 GMT+1
Closed on all 13 national & religious holidays (3–4 days for Eid al-Fitr & Eid al-Adha)
No half-day early close sessions
Moroccan Treasury market follows Bank Al-Maghrib calendar
Iraq flag Iraq (IQ)
Middle East & Africa
Iraq Stock Exchange (ISX)
Hours: 09:30–13:00 AST (Sun–Thu)
Closed on Fri–Sat and all Council of Ministers / Law 12 of 2024 holidays
No half-day early close sessions
CBI Treasury auctions follow CBI-RTGS calendar
Ghana flag Ghana (GH)
Middle East & Africa
Ghana Stock Exchange (GSE)
Hours: 09:30–15:00 GMT
Closed on all 13 statutory holidays and presidentially declared Monday substitutes
No half-day early close sessions
Ghana Fixed Income Market (GFIM) follows GSE/BoG calendar
Russia flag Russia (RU)
Europe
Moscow Exchange (MOEX)
Hours: 09:50–18:50 MSK (Main session)
Closed on core statutory dates (1–2 Jan, 7 Jan, 23 Feb, 8 Mar, 1 & 9 May, 12 Jun, 4 Nov); open Jan 3–6
Workdays immediately before statutory holidays are shortened by 1 hour under Art. 95 TK RF
OFZ bond trading mirrors MOEX schedule
Czechia flag Czechia (CZ)
Europe
Prague Stock Exchange (BCPP / PSE)
Hours: 09:00–16:20 CET/CEST
Closed on all weekday statutory holidays plus Dec 24 & Dec 31
Full-day closure on Dec 24 & Dec 31
Czech government bonds follow PSE / ČNB calendar
Argentina flag Argentina (AR)
Americas
Bolsas y Mercados Argentinos (BYMA)
Hours: 11:00–17:00 ART
Closed on all national holidays, tourist bridge days, Maundy Thursday, and Nov 6
Reduced activity on Dec 24 & Dec 31
MAE fixed income follows BCRA bank calendar
Vietnam flag Vietnam (VN)
Asia-Pacific
Ho Chi Minh (HOSE) & Hanoi (HNX) Exchanges
Hours: 09:00–11:30 & 13:00–15:00 ICT
Closed on all 11 statutory holiday days and compensatory Mondays
Extended multi-day closure for Lunar New Year (Tết Nguyên Đán)
HNX Government Bond market follows SBV IBPS calendar
Hong Kong flag Hong Kong (HK)
Asia-Pacific
Hong Kong Exchanges and Clearing (HKEX)
Hours: 09:30–12:00 & 13:00–16:00 HKT (Severe weather trading remains open from Sept 2024+)
Closed on all weekday General Holidays
12:00 HKT half-day sessions on Lunar New Year's Eve, Christmas Eve (24 Dec) & New Year's Eve (31 Dec)
CMU Bond settlement follows HKMA CHATS calendar (Stock Connect pauses on both HK & Mainland holidays)
Ecuador flag Ecuador (EC)
Americas
Guayaquil (BVG) & Quito (BVQ) Exchanges
Hours: 09:00–16:00 ECT
Closed on all 11 transferred national holidays plus local cantonal foundation day
No half-day early close sessions
Ecuadorian debt market follows BCE SPI calendar
Norway flag Norway (NO)
Europe
Euronext Oslo Børs
Hours: 09:00–16:20 CET/CEST
Closed on all weekday røde dager (including Maundy Thu) plus Dec 24 & Dec 31
13:00 CET half-day trading on Wednesday before Easter (1 Apr 2026 / 24 Mar 2027)
Norwegian Government Bonds follow Oslo Børs calendar
Denmark flag Denmark (DK)
Europe
Nasdaq Copenhagen
Hours: 09:00–17:00 CET/CEST
Closed on all weekday helligdage PLUS Friday after Ascension (15 May 2026), 5 June, 24 Dec, 31 Dec
Full-day closure on Friday after Ascension, 5 June, 24 Dec & 31 Dec
Danish Mortgage & Gov Bond market follows Danmarks Nationalbank lukkedage
Austria flag Austria (AT)
Europe
Wiener Börse (Vienna Stock Exchange)
Hours: 09:00–17:30 CET/CEST
Closed on 1 Jan, Good Fri, Easter Mon, 1 May, Whit Mon, 26 Oct (National Day), 24–26 Dec, 31 Dec
Full-day closure on 24 Dec & 31 Dec (Open on 6 Jan, Ascension, Corpus Christi, 15 Aug, 8 Dec)
OeBFA Austrian Treasury follows Wiener Börse / TARGET2 calendar
Finland flag Finland (FI)
Europe
Nasdaq Helsinki
Hours: 10:00–18:30 EET/EEST
Closed on 1 Jan, 6 Jan, Good Fri, Easter Mon, 1 May, Ascension, Midsummer Eve (19 Jun), 6 Dec, 24–26 Dec, 31 Dec
Full-day closure on Midsummer Eve (19 Jun), Christmas Eve (24 Dec) & New Year's Eve (31 Dec)
Finnish State Treasury follows Nasdaq Helsinki calendar
Belgium flag Belgium (BE)
Europe
Euronext Brussels
Hours: 09:00–17:30 CET/CEST
Closed on 6 core holidays (Open on 21 Jul, 15 Aug, 11 Nov)
14:05 CET early close on Christmas Eve (24 Dec) & New Year's Eve (31 Dec)
Belgian Debt Agency OLO market follows TARGET2 / Euronext calendar
Portugal flag Portugal (PT)
Europe
Euronext Lisbon
Hours: 08:00–16:30 WET/WEST
Closed on 6 core holidays (Open on 25 Apr, Corpus Christi, 10 Jun, 5 Oct, 1 Dec, 8 Dec)
13:05 WET early close on Christmas Eve (24 Dec) & New Year's Eve (31 Dec)
IGCP Portuguese Treasury bonds follow TARGET2 / Euronext calendar

Critical Equity vs. Bond & Banking Calendar Divergences in 2026–2027

Institutional traders, ETF market makers, and retail investors must watch four recurring calendar mismatches where stock exchanges and central bank settlement rails decouple.

1. US Columbus Day (12 Oct) & Veterans Day (11 Nov)

On both Columbus Day and Veterans Day, NYSE and NASDAQ run full trading sessions, but the Federal Reserve, Fedwire, ACH, and DTC settlement close, and SIFMA recommends a full-day US bond market closure. Under the T+1 settlement cycle, trades executed on these holidays settle on the next open banking day alongside the prior session's trades.

2. Canada Remembrance Day (11 Nov) & Truth and Reconciliation (30 Sep)

In Canada, federally regulated chartered banks and Payments Canada's Lynx rail close on September 30 and November 11, while the Toronto Stock Exchange (TSX) remains open for regular equity trading because Ontario treats neither date as a general provincial statutory holiday.

3. European Year-End Split (24 Dec & 31 Dec)

On Christmas Eve (Thursday, 24 December 2026) and New Year's Eve (Thursday, 31 December 2026), continental Europe splits into two blocs: Xetra (Germany), SIX (Switzerland), Wiener Börse (Austria), Borsa Italiana (Italy), Warsaw (GPW), Prague (PSE), and Nasdaq Nordic close for the entire day, whereas LSE (UK) and Euronext (Paris, Amsterdam, Brussels, Lisbon, Dublin) run shortened morning sessions.

4. India Diwali Muhurat Trading (Sunday, 8 November 2026)

Although main Diwali (Lakshmi Puja) lands on Sunday, 8 November 2026, both the National Stock Exchange (NSE) and BSE India open a special ceremonial 1-hour evening Muhurat Trading session to mark the start of Hindu Vikram Samvat Year 2083, with trades settling on the next clearing business day.

Frequently Asked Questions: Stock Exchange Holidays & Early Closes

Is the US stock market open on Columbus Day and Veterans Day in 2026? ▾
Yes. Both the New York Stock Exchange (NYSE) and NASDAQ remain open for regular trading hours (09:30 to 16:00 EST) on Columbus Day (Monday, 12 October 2026) and Veterans Day (Wednesday, 11 November 2026). However, because the Federal Reserve and DTC settlement rails close on both dates, equity trades experience a one-day T+1 settlement extension, and SIFMA US bond markets close. See our Veterans Day Stock Market & T+1 Guide.
What time do stock markets close on Christmas Eve (24 December 2026) and New Year's Eve (31 December 2026)? ▾
On Thursday, 24 December 2026 (Christmas Eve), NYSE and NASDAQ close early at 13:00 EST, the London Stock Exchange (LSE) closes at 12:30 GMT, Euronext closes at 14:05 CET, and ASX closes at 14:10 AEDT. Meanwhile, Frankfurt Xetra, SIX Swiss Exchange, Wiener Börse, Nasdaq Nordic, and Borsa Italiana close for the entire day on both 24 December and 31 December. See our New Year's Eve Market Hours Guide.
Does the Hong Kong Stock Exchange (HKEX) still close for typhoons? ▾
No. Following HKEX's Severe Weather Trading reform implemented in September 2024, HKEX securities and derivatives markets remain open for normal electronic trading and clearing during Typhoon Signal No. 8 or above and Black Rainstorm Warnings.
Is the stock market open on Black Friday (Day After Thanksgiving, 27 November 2026)? ▾
Yes, on a half-day schedule. On Friday, 27 November 2026 (Black Friday), NYSE and NASDAQ open at 09:30 EST and close early at 13:00 EST (1:00 PM EST), while SIFMA US bond markets close early at 14:00 EST. Read our Black Friday Bank & Stock Market Schedule.
Why is the Toronto Stock Exchange (TSX) open on Remembrance Day (11 November) when Canadian banks are closed? ▾
In Canada, chartered banks are federally regulated and close on Remembrance Day (11 November) and National Day for Truth and Reconciliation (30 September). However, because Ontario does not designate either date as a general provincial statutory holiday, the Toronto Stock Exchange (TSX) remains open for trading while Canadian interbank settlement pauses.
When does Diwali Muhurat Trading take place on NSE and BSE India in 2026? ▾
In 2026, main Diwali (Lakshmi Puja) falls on Sunday, 8 November 2026. Although Sunday is a regular weekend market closure, both the National Stock Exchange of India (NSE) and BSE India conduct a special ceremonial 1-hour evening Muhurat Trading session on Sunday, 8 November 2026 to mark the start of Vikram Samvat 2083.