European stocks ended higher Wednesday, with the Stoxx 50 up 0.8% and the Stoxx 600 rising 0.4%, as investors monitored political and economic developments.
Leading the gains were SAP, which climbed over 4%, and Schneider Electric, up more than 2%. In France, the CAC 40 gained 0.7% as attention turned to a no-confidence vote in the National Assembly. The vote follows Prime Minister Michel Barnier's use of special powers on Monday to push through a controversial budget without parliamentary approval. Both right- and left-wing parties have filed motions of no-confidence, with Barnier's government likely to collapse after the vote.
Meanwhile, Bank of England Governor Andrew Bailey signaled plans for four potential interest rate cuts in 2025. In Asia, political developments in South Korea drew attention, as markets reacted to President Yoon Suk Yeol's sudden imposition and swift repeal of martial law.
Source : Trading Economics
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