European Stocks End at Over-One-Month High, Bank Stocks Drive Gains Amid French Political Uncertainty

📆 06/12/2024 03.28.00
📰 IrishTimes

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European Stocks,French Politics,Banking Sector

European stocks reached a more than one-month high, influenced by strong performances in the banking sector and the hope of a new budget in France following the fall of the prime minister's government. The Cac 40 index in Paris saw a modest increase of 0.3% despite ongoing political instability. The Iseq gained 0.6%, with significant contributions from Ryanair and Irish banks. However, the FTSE 100 and FTSE 250 showed minimal changes, and the personal goods sector witnessed a robust 3.3% increase.

European stocks closed at a more than one-month high, boosted by gains in bank stocks amid hopes of a new budget passing in France post-prime minister Michel Barnier's government collapse. Despite political uncertainty in France, the Cac 40 index in Paris saw a 0.3% rise on Thursday. The Iseq climbed 0.6%, with Ryanair, AIB, and Bank of Ireland performing well. Meanwhile, the FTSE 100 index remained unchanged, while the FTSE 250 showed no change. The personal goods sector posted a 3.

3% increase, led by Watches of Switzerland

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