From Investing: 2024-11-20 05:17:04

Europe’s main stock index rose after a three-session decline, with construction and bank stocks leading the recovery. The pan-European index was up 0.6% after hitting a three-month low, as safe-haven assets saw reduced demand amid easing geopolitical concerns. The Swiss franc and U.S. bond prices dipped while the dollar hit a one-week low.

Vladimir Putin expressed openness to discuss a Ukraine ceasefire with Donald Trump, ruling out major territorial concessions and Kyiv’s NATO plans. Focus is on Trump’s administration appointments, with Wall Street CEO Howard Lutnick leading trade and tariff strategy. UK stocks underperformed as inflation surpassed the 2% target, impacting rate cut plans for the Bank of England.

Sage Group saw a 17% jump after better-than-expected full-year operating profit and expectations of continued margin progress. La Française des Jeux fell 5.5% as Credit Agricole Assurances announced plans to sell 2.2% of the French gaming group’s share capital.



Read more at Investing: Banks, construction shares lead rebound in Europe’s STOXX 600 By Reuters