LONDON — European markets were broadly higher Monday, as investors assessed the global economic and interest rate outlook heading into the final trading month of the year.rebounded from an earlier to decline to trade 0.58% higher by 2:41 p.m. London time, after the index closed out November with its strongest monthly performance since August.over the weekend, citing "different views" between the executive and the board of directors.
The business will increase its overall contingency provision from 330-550 million euros to 440-770 million euros in its full-year results to cover "social security contributions, fines, VAT claims and other payment charges covering the period until the end of 2024" related to Glovo. However, Andrew Kenningham, chief Europe economist at Capital Economics, said he expects the bloc's labor market to weaken amid a poor economic environment.
The odds that the fragile government led by Michel Barnier will be toppled in a no-confidence vote by the far-right and a left-wing coalition appeared higher Monday as negotiations over the budgetInterest rate expectations for the U.S. Federal Reserve and European Central Bank were also swaying foreign exchange markets, with the greenback broadly higher after President-elect Donald Trumpto the whole of the so-called BRIC alliance.
Low unemployment and increased wage growth along with solid household balance sheets are likely to have played a role in supporting the U.K. housing market this year, Gardner said, with debt levels at their lowest levels relative to household income since the mid-2000s.