European stocks and oil slip as investors focus on inflation data and OPEC+ meeting

From Investing.com: 2024-11-29 03:09:02

European stocks open lower as investors focus on euro zone inflation data ahead of ECB meeting on December 12. Germany’s DAX down 0.1%, France’s CAC 40 down 0.14%, and UK’s FTSE 100 dropped 0.1%. France’s risk premium equals Greece’s, highlighting investor concerns.

Market awaits euro zone inflation data release for insight into economic trajectory and potential impact on ECB’s monetary policy. Inflation trends crucial for interest rate decisions and shaping investor sentiment in the near term.

Aviva eyes potential takeover move of Direct Line, approaching shareholders after initial bid rejection. Direct Line dismisses offer as undervaluing company, setting stage for potential standoff between insurers. Bid reflects trend of consolidation in insurance sector, with shareholders caught in high-stakes negotiation.

Crude oil prices slide as Middle East tensions ease and focus shifts to upcoming OPEC+ meeting. Prices fall as ceasefire between Israel and Hezbollah announced, raising uncertainty over truce’s durability. Brent crude down 0.5% to $72.45 per barrel, WTI down 0.1% to $68.71 per barrel.



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