Europe Markets Close Higher as Oil and Gas Stocks Advance; Sterling, Euro Slip on Strong Dollar
European markets closed higher Thursday following a mixed start to 2025 trading.
The pan-European Stoxx 600 index closed 0.6% higher, reversing earlier losses as regional bourses reopened after the New Year’s Day holiday.
Oil and gas stocks led gains, up 2.3%, while utilities climbed 1.6%.
Europe’s banking index and autos stocks dipped, however, losing 0.3% and 0.47% respectively, as uncertainty remained over the economic outlook and potential tariffs under U.S. President-elect Donald Trump.
France’s CAC 40 also erased earlier losses to gain 0.18%, though lagged other bourses. President Emmanuel Macron appeared to admit on Tuesday that his decision to hold snap parliamentary elections last year caused problems for the country.
Sumber : CNBC