European equities mostly advanced on Thursday as investors focused on France’s political tensions and the European Central Bank’s expected decision to keep interest rates steady.
Large-scale protests erupted in France as newly appointed Prime Minister Sébastien Lecornu assumes office, facing public anger over budget cuts and ongoing political unrest.
Markets are also keeping an eye on upcoming U.S. consumer price data, following a surprisingly positive report on producer prices released yesterday.
The French CAC 40 rose 0.9%, London’s FTSE 100 gained 0.5%, and Germany’s DAX climbed 0.3%.
On the corporate front, British gambling technology firm Playtech (LSE:PTEC) jumped after reporting solid first-half results and signaling it is on track to surpass full-year targets.
Trainline (LSE:TRN), the online ticketing platform, also advanced following a strong first-half trading update.
Paris-listed Technip Energies (EU:TE) saw gains after agreeing to acquire the Advanced Materials & Catalysts division of U.S.-based Ecovyst for $556 million.
Pharma giant Sanofi (EU:SAN) rose as its SAR402663 therapy received fast track designation in the U.S. for treating neovascular age-related macular degeneration.
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