Europe stocks open mixed after French government ousted; Shell, Equinor to create joint UK venture
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 05 2024
0mins
Source: CNBC
European Market Overview: European stocks opened mixed amid political uncertainty in France following the ousting of Prime Minister Michel Barnier's government. The CAC 40 index saw slight gains while concerns over rising borrowing costs and bond yields were highlighted.
Corporate Developments: The U.K.'s Competition and Markets Authority approved the merger between Vodafone and Three, with conditions to invest in a combined 5G network. Additionally, Shell and Equinor announced plans to merge their British offshore oil and gas assets.
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.
