Europe stocks higher with inflation in focus; Direct Line soars 42% 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 saw a rebound on Thursday, with the pan-European Stoxx 600 index rising by 0.54%, driven primarily by technology stocks. Notable movements included a 42% jump in Direct Line shares following a takeover bid from Aviva and a significant rise in Renewi's stock after an acquisition announcement.
Economic Indicators and Outlook: Inflation data showed German consumer prices remained steady at 2.4% in November, while Spain's inflation increased to 2.4%. Economic sentiment in the EU improved slightly, although concerns about weak growth persist, particularly influenced by upcoming U.S. trade policies under President-elect Donald Trump.
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.
