On Friday, November 25, the indexes were rising
European stock markets closed higher on Friday as geopolitical tensions appeared to ease. The ceasefire agreement between Israel and Hamas began this morning, with the first groups of hostages on both sides released.
On that day, a report was presented that showed that the German business climate improved in November, with the business climate index rising to 87.3 compared to the revised value of 86.9 in October. November's reading was slightly lower than analysts expected. Meanwhile, the Current Assessment Index increased from 89.2 in October to 89.4 in November. The expectations index increased from 84.7 in October to 85.2 in November.
– Companies assessed their current business situation as slightly better. Expectations for the coming months were also less pessimistic. The German economy is stabilizing, although at a low level , commented the president of the Ifo institute, Clemens Fuest.
On the corporate front, British Prime Minister Rishi Sunak said on Friday that Nissan's £2 billion investment in three new electric car models would transform Sunderland into the Silicon Valley of EVs.
“ Nissan's investment is a huge vote of confidence in the UK car industry, which already contributes £71 billion a year to our economy...Making the UK the best place to do business is at the heart of our economic plan,” Sunak said .
The end of the day was the DAX index increase by 0.22%, and Covestro (ETR:1COV) AG increased by 2.22%. The pan-European Euro Stoxx 50 gained 0.25% as BASF SE (ETR:BASFN) rose 1.76%. The FTSE 100 rose 0.06% and Kingfisher (LON:KGF) PLC rose 2.05%. CAC 40 gained 0.20% as Renault SA (EPA:RENA) rose 1.81%.