Europe stocks higher; ASML up 3.7% on chip report; Remy Cointreau choppy as outlook disappoints
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 28 2024
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Source: CNBC
European Market Performance: European markets showed a positive trend on Thursday, with the Stoxx 600 index rising by 0.52%, driven mainly by technology stocks, while French spirits maker Remy Cointreau reported a smaller-than-expected decline in operating profit but warned of significant sales drops for the full year.
Consumer Confidence and Economic Outlook: U.K. consumer confidence remains low following the Labour government's budget, with concerns about economic conditions affecting retail, while analysts are cautious about future growth prospects amid ongoing market challenges in the U.S. and Asia-Pacific.
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.
