Both the STOXX 50 and the STOXX 600 hovered around the flatline on the final trading day of a volatile November, as the recent rally in global equities showed signs of losing momentum and investors awaited fresh catalysts.
On the data front, inflation in France unexpectedly held steady at 0.9%, while Spain's rate eased to 3%, reinforcing expectations that the ECB will maintain its current policy stance. LVMH (+0.5%), Shell (+0.7%), Siemens (+0.3%), Inditex (+0.2%), and Schneider Electric (+0.3%) traded higher, while Nestlé (-0.4%), Hermès (-0.2%), and EssilorLuxottica (-1.3%) moved lower.
For the month, the STOXX 50 slipped 0.2%, whereas the STOXX 600 gained 0.5%, in a period marked by growing concerns over inflated AI-related valuations and heightened speculation that the Fed may deliver another rate cut next month.
Source: Trading Economi
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