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European Stocks Rise to 1-Month High
Wednesday, 4 December 2024 00:32 WIB | MARKET UPDATE |Saham EropaStoxx Europe 600

European stocks rose on Tuesday, with the Stoxx 50 and Stoxx 600 climbing 0.5% and 0.6%, respectively, to reach a one-month high, driven by a 1.6% rise in retail stocks and over 1% gains in construction and materials. However, insurance stocks fell by 0.4%.

In France, political tensions are high as Prime Minister Michel Barnier used special constitutional powers to pass a controversial budget, prompting opposition parties to push for a no-confidence vote that could happen Wednesday.

Despite this, France's CAC 40 closed 0.3% higher, trimming earlier gains, while Germany's DAX crossed the 20,000 mark for the first time.

Source : Trading Economics

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