European shares mixed on Thursday

By Aya El Sayed On Nov 21, 2024

European shares showed mixed performance on Thursday as concerns over Donald Trump’s proposed tariffs and uneven performance in Chinese markets weighed on sentiment.

The pan-European STOXX 600 slipped 0.11 per cent by 9:05 am ET (12:11 pm GMT), with Germany’s DAX gaining 0.24 per cent and France’s CAC 40 falling 0.32 per cent. Switzerland’s SMI inched up 0.07 per cent, while Spain’s IBEX 35 edged down 0.05 per cent. The UK’s FTSE 100 rose 0.11 per cent.

Real estate and technology stocks led the losses, driven by worries about the inflationary impact of Trump’s trade policies. Bundesbank President Joachim Nagel cautioned that such measures could disrupt global trade.

European stocks have faced persistent pressure since Trump’s election, reflecting market uncertainty over his administration’s economic agenda.

Attribution: Investing.com, Amwal Al Ghad English, Reuters

Subediting: Y.Yasser

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