# Banks, construction shares lead rebound in Europe’s STOXX 600
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2024-11-20
Category: NEWS
Category URL: https://financedigest.com/category/news
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URL: https://financedigest.com/banks-construction-shares-lead-rebound-in-europes-stoxx-600html

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(Reuters) – Europe’s main stock index opened higher on Wednesday after a three-session decline, as construction and bank stocks led an overall [market recovery](https://www.globalbankingandfinance.com/the-beginning-of-a-property-market-recovery/ "market recovery"), with most safe-haven bids taking a backseat amid easing geopolitical concerns.

The pan-European STOXX 600 was up 0.6%, as of 0815 GMT, after touching a three-month low on Tuesday amid an investor rush to safe-haven assets.

The Swiss franc and U.S. government bond prices dipped, while the dollar touched a one-week low in intraday trade.

A day after Russia lowered its threshold for a nuclear strike, Reuters reported Vladimir Putin’s openness to discuss a Ukraine ceasefire deal with U.S. President-elect Donald Trump, which rules out major territorial concessions and Kyiv’s plans to [join NATO](https://www.globalbankingandfinance.com/finland-will-join-nato-on-tuesday-stoltenberg/ "join NATO").

Focus is also on the U.S. President-elect’s administration appointments, including the search for Treasury Secretary. Wall Street CEO Howard Lutnick will lead Trump’s trade and tariff strategy.

Meanwhile, UK [stocks](https://www.financedigest.com/mutual-funds-vs-stocks-which-is-better.html "stocks") underperformed regional peers after domestic inflation came in above the 2% target last month, underscoring the Bank of England’s cautiousness on rate cuts.

Among single stocks, Sage Group jumped 17% after better-than-expected full-year operating profit and the software firm’s expectations of continued margin progress this year.

La Française des Jeux fell 5.5% after Credit Agricole Assurances unveiled plans to sell 2.2% of the French gaming group’s share capital.

(Reporting by Ankika Biswas in Bengaluru; Editing by Subhranshu Sahu)


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