Europe markets close higher as oil and gas stocks advance; Sterling, euro slip on strong dollar
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 02 2025
0mins
Source: CNBC
European Market Performance: European markets closed higher on Thursday, with the Stoxx 600 index up 0.6%, driven by gains in oil and gas stocks, despite declines in banking and auto sectors amid economic uncertainty.
Economic Indicators and Political Context: Manufacturing activity declined in Germany and France, while U.K. house prices rose; President Macron acknowledged political instability in France, reflecting broader concerns in Europe as currencies weakened against the dollar.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
