• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Investing

European stocks climb as French no-confidence vote looms; Indian PSU banks lead gains

by December 4, 2024
written by December 4, 2024

European markets edged higher on Wednesday as investors navigated political uncertainty in France ahead of a crucial no-confidence vote in its parliament.

Meanwhile, Indian markets saw strong performance in public sector banks, with financial stocks rallying on expectations of policy easing by the Reserve Bank of India (RBI).

The French CAC 40 index rose 0.3% in early European trading hours, with investors closely watching the political drama surrounding Prime Minister Michel Barnier’s government.

This week, Barnier invoked special constitutional powers to push through a contentious budget bill, bypassing a parliamentary vote.

The move has sparked two no-confidence motions, one led by left-wing rivals and another supported by the far-right National Rally party.

Analysts widely expect the government to collapse after the vote, which could usher in a period of heightened political and market uncertainty.

Elsewhere in Europe, the autos sector led gains on the Stoxx 600 index, advancing nearly 1%.

Italian newspaper Corriere della Sera reported that Stellantis is considering outgoing Apple Chief Financial Officer Luca Maestri as a candidate for its CEO role, fueling investor optimism.

Conversely, stocks in healthcare, food and beverage, and basic resources lagged, reflecting a mixed trading session.

South Korea’s political turmoil under scrutiny

Beyond Europe, political upheaval in South Korea also caught investors’ attention.

Markets in Asia-Pacific opened lower following President Yoon Suk Yeol’s abrupt declaration and subsequent withdrawal of martial law within hours.

The move triggered widespread protests and prompted opposition lawmakers to consider impeachment proceedings.

Investors are bracing for further developments as South Korea’s parliament prepares to vote on Yoon’s future within 72 hours.

Indian markets: PSU banks shine amid RBI policy hopes

In India, benchmark indices Nifty and Sensex experienced intraday volatility, ultimately closing with marginal gains as banking and realty stocks outperformed.

However, sectors like auto, FMCG, and metals struggled, capping broader market gains.

At the close, the Sensex added 110.58 points, or 0.14%, to finish at 80,956.33, while the Nifty rose 10.30 points, or 0.04%, to end at 24,467.45.

A total of 2,307 stocks advanced, 1,507 declined, and 95 remained unchanged.

Public sector banks stole the spotlight, with the PSU Bank Index surging over 2%, extending its rally from the previous session.

State Bank of India (SBI), the nation’s largest public-sector lender, gained nearly 2%.

Other major gainers included UCO Bank, Central Bank, Indian Overseas Bank, and Punjab & Sind Bank, with their shares climbing between 6% and 9%.

Market sentiment was buoyed by speculation that the RBI might announce a cut in the cash reserve ratio (CRR) during its upcoming policy meeting.

Such a move could inject additional liquidity into the banking system, further fueling gains in the financial sector.

With France’s political landscape hanging in the balance and South Korea grappling with turmoil, global markets remain on edge.

Meanwhile, India’s banking sector offers a bright spot, as policy measures from the RBI could provide a much-needed liquidity boost.

As these narratives unfold, investors will continue to monitor developments closely for potential market shifts.

The post European stocks climb as French no-confidence vote looms; Indian PSU banks lead gains appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Long CRM: riding the bullish momentum with strong breakout, AI innovations, and record margins
next post
Long UPST: Upstart Holdings Q3 Results Spark Optimism Amid Strong Growth and Bullish Market Reaction

related articles

Asian markets open: Nikkei, Hang Seng fall on...

June 12, 2025

Aluminum and steel tariffs spark rise in secondary...

June 12, 2025

Airbus sees aviation boom ahead, global fleet to...

June 12, 2025

US-China trade talks and Washington’s decade-long effort to...

June 12, 2025

Europe markets open: Stoxx 600 dips as UK...

June 12, 2025

UK GDP falls by 0.3% in April as...

June 12, 2025

Gordon Brothers buys Poundland; pledges £80 mn for...

June 12, 2025

Air India plane crash: London-bound flight with 242...

June 12, 2025

Air India plane crash live update: Indian President...

June 12, 2025

Copper remains supported for now even as China...

June 12, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Sunrun stock soars 15% after SunPower bankruptcy filing: What you need to know

    August 7, 2024
  • Biden’s team hid the truth about his health all along: WH press sec

    April 11, 2025
  • ApeCoin and Akita Inu: Targets and Price Overview 

    October 8, 2024
  • Long ALG: breaking downtrend with strong support reversal and impressive earnings growth and dividend yield

    July 18, 2024
  • Trump admin pauses federal grants, demands return to office details in memo blitz

    January 28, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,319)
  • Investing (634)
  • Stock (841)

Latest Posts

  • China exerts new restrictions on exports of minerals critical to US weapons making

    September 17, 2024
  • RFK Jr. picks eight for vaccine panel after firing all 17 members

    June 12, 2025
  • SCOOP: Treasury Secretary Bessent to huddle with key Republican caucus as Trump enacts tariff plan

    April 8, 2025

Recent Posts

  • WINSTON MARSHALL: A British rock star’s view of Trump’s win – and the UK’s plight

    November 16, 2024
  • Harris claims Trump abortion platform makes ‘no exception,’ moments after Trump says the opposite

    September 11, 2024
  • House poised to pass bill that would sanction International Criminal Court for trying to arrest Netanyahu

    January 9, 2025

Editor’s Pick

  • Dozens of former FBI agents rally around Kash Patel’s confirmation: ‘Lives have been shattered’

    January 29, 2025
  • Harris will not speak from Howard University on election night as planned

    November 6, 2024
  • Former Trump Cabinet members launch group to promote president’s energy agenda

    January 29, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock