{"id":66447,"date":"2025-11-11T17:56:49","date_gmt":"2025-11-11T17:56:49","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/11\/11\/european-markets-close-on-firm-note-5\/"},"modified":"2025-11-11T17:56:49","modified_gmt":"2025-11-11T17:56:49","slug":"european-markets-close-on-firm-note-5","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/11\/11\/european-markets-close-on-firm-note-5\/","title":{"rendered":"European Markets Close On Firm Note"},"content":{"rendered":"
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European stocks closed on a positive note on Tuesday as the passage of a short-term funding bill late Monday raised the possibility of the longest government shutdown in U.S. history coming to an end soon.<\/p>\n

The bill will now be sent to the House, where a vote could come as early as Wednesday.<\/p>\n

Hopes of a rate cut by the Bank of England next month after data showed an increase in the nation’s unemployment rate in the third quarter, also helped underpin sentiment.<\/p>\n

The pan European Stoxx 600 climbed 1.28%. The U.K.’s FTSE 100 gained 1.15%, Germany’s DAX closed 0.53% up, and France’s CAC 40 ended with a gain of 1.25%, while Switzerland’s SMI surged 1.98%.<\/p>\n

Among other markets<\/span> in Europe, Belgium, Czech Republic, Denmark, Finland, Greece, Ireland, Netherlands, Norway, Poland, Russia, Spain and Sweden closed higher.<\/p>\n

Iceland, Portugal and Turkiye ended weak, while Austria closed flat.<\/p>\n

In the UK market, Vodafone Group soared nearly 8.5%<\/p>\n

WPP climbed 5.6%. Berkeley Group Holdings, Haleon, Barratt Redrow, Coca-Cola Europacific Partners, GSK, Mondi, Hikma Pharmaceuticals, AstraZeneca, BP, DCC, Anglo American Plc, Bunzl, Shell, RightMove, Coca-Cola HBC, The Sage Group and Pearson gained 2 to 3.5%.<\/p>\n

Marks & Spencer closed down 4.6%. Tesco, Auto Trader Group, 3i Group, Sainsbury (J), BAE Systems and Associated British Foods lost 1 to 3%.<\/p>\n

In the German market, Bayer, Adidas, Merck, Vonovia, Siemens Healthineers, Volkswagen and Zalando gained 2 to 3.5%.<\/p>\n

Fresenius, Porsche Automobil Holding, Symrise, Heidelberg Materials, Infineon, Deutsche Telekom, Beiersdorf and Qiagen also ended notably higher.<\/p>\n

Continental and Rheinmetall closed lower by 3.3% and 3%, respectively. RWE and Commerzbank also posted notable gains.<\/p>\n

In the French market, Stellantis climbed more than 4%. Hermes International surged about 3.5%. Renault, LVMH, Sanofi, TotalEnergies, Saint Gobain, Capgemini, Publicis Groupe and Kering gained 1.5 to 3%.<\/p>\n

German economic confidence weakened moderately in November as investors became concerned about the ability of economic policies to address its key issues, a monthly survey conducted by the think tank ZEW showed Tuesday.<\/p>\n

The economic sentiment index fell unexpectedly to 38.5 in November from 39.3 in the previous month. The reading was forecast to rise to 41.0.<\/p>\n

Similarly, the current situation indicator climbed to -78.7 from -80.0 in the prior month. However, the reading was weaker than forecast of -77.5. <\/p>\n

Data from the Office for National Statistics showed the UK unemployment rate increased in the third quarter. The ILO jobless rate rose to 5% in the three months to September, which was above the economists’ forecast of 4.9%. The unemployment rate was 4.8% in the three months to August.<\/p>\n

Data showed that average earnings including bonuses grew 4.8 percent from the previous year, which was slower than the expected growth of 5%. <\/p>\n<\/p>\n<\/div>\n