Whit Monday
Also known as Pentecost Monday, Whit Monday is the holiday celebrated the day after Pentecost, a moveable feast in the Christian calendar. We say it is moveable because it is determined by the date of Easter. In the Catholic Church, it is the Memorial of the Blessed Virgin Mary.
Whit Monday gets its English name from "Whitsunday", an English name for Pentecost, one of the three baptismal seasons. The origin of the name "Whit Sunday" is generally attributed to the white garments formerly worn by those newly baptized on this feast.
Tradition
The Whit Monday holiday is often considered a perfect opportunity for baptism, with many Christians being baptized for the first time or re-baptized.
In addition to religious celebrations, a common Whit Monday tradition is to visit family and friends. Usually this includes having a nice meal or going out together. Some prefer to stay at home and enjoy their time off work, while others prefer to go out and enjoy the nice spring weather.
Market Implications
Several European stock markets are closed in observation of Whit Monday, but it's business as usual in the U.S. On Monday, there is no trading in Germany DAX, Switzerland SMI, Denmark OMX, Norway OSEAX, Belgium BEL20 and Austria ATX. The rest of Europe, including the pan-European Stoxx Europe 600 index SXXP are open for trading.
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