European stocks edged higher on Thursday, with the Stoxx 50 and Stoxx 600 both up around 0.5%, extending gains from the past five sessions despite sectoral volatility. Banking and travel stocks led with over 2% gains, while oil and gas stocks dipped 0.4%.
In France, markets remained steady despite political upheaval, as the CAC 40 rose 0.4% to its highest since mid-November after Prime Minister Michel Barnier's government fell to a no-confidence vote. Analysts noted no immediate risk of a government shutdown, easing investor concerns.
In the UK, the Competition and Markets Authority approved the Vodafone-Three merger, boosting Vodafone shares by 1.3%. Additionally, Shell and Equinor announced a joint venture to create the largest independent oil and gas producer in the UK North Sea.
Source : Trading Economics
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