Published by Uma Rajagopal
Posted on December 5, 2024
1 min readLast updated: January 28, 2026
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(Reuters) – European stocks hovered near one-month highs on Thursday with French equities rising after lawmakers in the country voted to topple Prime Minister Michel Barnier’s government, a move widely anticipated by market participants.
(Reuters) – European stocks hovered near one-month highs on Thursday with French equities rising after lawmakers in the country voted to topple Prime Minister Michel Barnier’s government, a move widely anticipated by market participants.
The pan-European STOXX 600 rose 0.1% by 0810 GMT, extending gains for a sixth consecutive session. France’s CAC 40 also edged up 0.1%, in-line with regional peers.
Barnier is expected to resign on Thursday, making him the shortest serving prime minister in modern French history. France now risks ending the year without a stable government or a 2025 budget, although the constitution allows special measures that would avert a U.S.-style government shutdown.
Shares in major French lenders rose, with BNP Paribas, Societe Generale and Credit Agricole up between 1.2% and 2% on hopes that the government can avoid a shutdown.
Safran fell 4.6% after the French jet engine maker issued new financial targets.
French oil firm TotalEnergies rose 1% after RBC upgraded its shares to “outperform” from “sector perform”.
(Reporting by Joao Manuel Mauricio in Gdansk and Sruthi Shankar in Bengaluru; Editing by Saumyadeb Chakrabarty)
Equity refers to the ownership interest in a company, represented by shares of stock. It signifies the value of an ownership stake in a business after all liabilities have been deducted.
Financial markets are platforms where buyers and sellers engage in the trade of financial assets such as stocks, bonds, currencies, and derivatives, facilitating capital flow in the economy.
An investment portfolio is a collection of financial assets such as stocks, bonds, and cash equivalents held by an investor. It is designed to achieve specific investment goals.
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