Europe stocks higher with inflation in focus; Direct Line soars 45% 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 showed a rebound on Thursday, with the Stoxx 600 index rising by 0.44%, driven mainly by technology stocks. Notable movements included a significant jump in shares of British insurance firm Direct Line and a strong performance from Dutch chip industry firms amid easing concerns over U.S. semiconductor restrictions.
Inflation Data Insights: Inflation data revealed mixed results across Europe, with German consumer prices remaining steady at 2.4% while Spanish inflation increased to 2.4%. Investors are closely watching upcoming euro zone-wide inflation figures and assessing their implications for monetary policy decisions by the European Central Bank.
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.
