European stock markets continued to rise on Thursday, with shares of Thomas Cook Group PLC rallying after a well-received earnings report, and investors digesting the latest German unemployment figures.
Data showed the unemployment change in Germany increased by 10K in November, exceeding the 3K forecasted and up from October’s 1K increase, while the jobless rate remained unchanged at 6.9%.
The Stoxx Europe 600 index climbed 0.2% to 324.65, building on a 0.6% gain from Wednesday.
Germany’s DAX 30 index climbed 0.3%, on track for another record close. France’s CAC 40 index gained 0.2% and the U.K.’s FTSE 100 index rose 0.1%.
Shares of Thomas Cook Group PLC rallied 10% after the travel operator narrowed its full-year loss and laid out further cost cuts as a part of a plan to turn around the U.K. business.
Peugeot SA added 3.1% after the French car maker’s departing Chief Executive Philippe Varin late Wednesday said he will give up his proposed company pension.
On a more downbeat note, shares of Kingfisher PLC slid 5.7% after the U.K. do-it-yourself retailer reported a 1.4% rise in third-quarter same-store sales, but admitted that challenges still remain.
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