European Shares Edge Up to One-Month Highs
The STOXX 50 gained 0.4% and the STOXX 600 edged up 0.2% on Wednesday, marking a third consecutive day of gains and trading at over one-month highs.
However, caution persists as traders closely monitor the unfolding political situations in France and South Korea. French lawmakers are set to vote this afternoon on no-confidence motions that will probably topple the government, paving the way for prolonged political uncertainty.
Meanwhile, reports indicate that South Korean lawmakers have called for the impeachment of President Yoon Suk Yeol following his controversial declaration of martial law, which he reversed just hours later.
On the corporate front, shares of Volvo Cars rose 1.7% after its sales increased 5% year-on-year in November. Kering (2%), Inditex (1.5%) and Mercedes-Benz (1.1%) were also among the top performers while Orange lost 2.2%.
Source: Trading Economics
