Europe Stocks Close Higher; Delivery Hero Down 11%; Stellantis Falls 6% After CEO Resigns
European markets broadly closed higher Monday, as investors assessed the global economic and interest rate outlook heading into the final trading month of the year.
The regional Stoxx 600 rebounded from an earlier to decline to provisionally end the day 0.54% higher, after the index closed out November with its strongest monthly performance since August.
France’s CAC 40 index closed 0.02% higher after a choppy session. Investors are following tensions over the country’s budget which could lead to a no-confidence vote that the government is likely to lose.
Shares of Jeep-maker Stellantis were around 6.3% lower as markets closed after CEO Carlos Tavares announced his immediate resignation over the weekend, citing “different views” between the executive and the board of directors. The European-American company has been struggling with declining sales and high inventories in the U.S.
Source : CNBC
