Europe stocks rise; France's CAC 40 at three-week high; 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 rose on Thursday, with French markets gaining despite political instability following the ousting of Prime Minister Michel Barnier. The CAC 40 index saw a slight increase, while the euro strengthened against the U.S. dollar.
Corporate Developments: Vodafone and Three received approval for their merger from the U.K.'s Competition and Markets Authority, contingent on significant investments in a combined 5G network, while 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.
