Europe stocks higher with inflation in focus; Direct Line soars 40% after rejecting Aviva bid
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 28 2024
0mins
Source: CNBC
European Market Performance: European markets saw a rebound with the Stoxx 600 index up 0.47%, driven by technology stocks and notable gains in British insurance firm Direct Line after rejecting a takeover bid from Aviva. German inflation remained steady at 2.4% while Spain's inflation rose to 2.4%.
Economic Outlook and Consumer Confidence: S&P Global Ratings predicts slight economic growth in the euro zone for 2025, influenced by new U.S. leadership, while consumer confidence in the UK remains weak post-budget, raising concerns about retail spending and economic sentiment amidst political and economic uncertainties.
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.
