European shares inch up as banks, tech rebound; Topdanmark shines By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 17 2024
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Source: Investing.com
- European Shares Performance: European shares closed slightly higher, with banks and technology stocks recovering from losses due to political uncertainty in France.
- Market Movements: The pan-European STOXX 600 index closed up 0.1%, rebounding from its worst weekly fall this year.
- Sector Performance: Banks rose nearly 1% after a significant drop last week, while technology stocks gained 0.6%.
- Political Uncertainty in France: French President Macron's call for a snap election led to market pressure, with campaigning starting on Monday.
- Company News: Topdanmark surged after Sampo's buyout bid, while ING forecasted income growth and Adidas faced corruption allegations in China.
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.
