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Thursday, November 28, 2024

European stocks rise on anticipation of inflation data

European stocks rise on anticipation of inflation data

Stock movements

“Indicator rose”Stokes 600The European Union rose by 0.4 percent to 507.23 points.

Trading rates were expected to be weak with the US stock market closed for the Thanksgiving holiday.

The technology sector rose almost 1 percent, recording its best daily performance in a week, as shares of chip manufacturers rose after Bloomberg News reported that the restrictions that the US administration may impose on chips in… China It may be less than expected.

Shares of ASM International, BA Semiconductor, and ASML gained between two and 2.5 percent.

The leading stock index also recovered France Some momentum rose 0.5 percent after falling to its lowest levels since August in the previous session.

The government of French Prime Minister Michel Barnier faces an uncertain future amid fears of the collapse of the coalition government due to his insistence on approving the 2025 budget in a parliament suffering from political polarization.

Inflation in Germany remained unchanged in November at 2.4 percent, while it rose in a number of German states.

The headline inflation rate came in Spain For the month of November, it conforms to expectations.

Inflation data is scheduled to be releasedEurozone andFrance And Italy tomorrow, Friday.

These reports will come on the heels of strong inflation data in USwhich raised concerns that the Federal Reserve may adopt a dovish approach to easing monetary policy.



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