The pan-European Stoxx 600
index ended up 0.45%, having slightly pulling back from earlier gains. Banking stocks led the pack, up 0.98%, while household goods were a rare outlier, down 0.67%.
France's CAC 40 index rose 0.51%, rebounding from a decline Wednesday even as the country's risk premium drew level with Greece's for the first time amid ongoing political turmoil.
Shares of British insurance firm Direct Line jumped 42%, hitting their highest level since early 2023, after it said a takeover offer from rival Aviva "substantially undervalued" the company. The stock ended the day 41% higher.
Dutch chip industry firms ASML Besi
and ASM International all traded higher. Bloomberg reported overnight that potential curbs by the U.S. on semiconductor equipment and AI memory chips to China might not be as stringent as some had expected.
Remy Cointreau climbed 5%, shaking off a negative start after the French spirits maker posted a smaller-than-expected fall in operating profit in the first half. The company also forecast a 15% to 18% sales decline for the full-year, with analysts at Citi calling the company's outlook "significantly worse than expected." The stock closed up 2.96%.
Investors were also monitoring inflation data from across the euro zone ahead of the bloc-wide print on Friday. German consumer prices held steady in November, defying economists' expectations for a slight increase, while Spanish inflation rose from 1.8% to 2.4%.
Across the Atlantic, U.S. markets were closed for Thanksgiving. Asia-Pacific markets traded mixed overnight as investors assessed a surprise interest rate cut by South Korea.(Cay) Newsmaker.id
Source: CNBC
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