Europe stocks close higher; Direct Line soars 41% after rejecting Aviva bid
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 28 2024
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Source: CNBC
European Market Performance: European markets closed higher on Thursday, with the pan-European Stoxx 600 index up 0.45%, led by banking stocks, while household goods lagged. Notable movements included a 42% jump in Direct Line shares following a takeover bid and a 5% rise in Remy Cointreau despite a profit decline.
Economic Indicators and Outlook: German inflation remained steady at 2.4% in November, contrary to expectations for an increase, while Spain's inflation rose to 2.4%. Economic sentiment in the EU showed slight improvement, but concerns about U.S. President-elect Donald Trump's policies and their potential impact on global inflation persist.
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.
