European markets end high; Shares of Delivery Hero rise nearly 15%

LONDON – European shares edged into positive territory on Friday as investors digested the end of a lackluster month.

Pan-European Stocks 600 The session closed 0.2% higher, with major markets and most sectors in positive territory.

November has been a volatile month for equities with fears of heightened AI valuations, a relief rally and a rollercoaster of sell-offs fueling the latest earnings season insights and uncertainty over monetary policy.

However, global markets were buoyed this week by growing expectations of an interest rate cut when the US Federal Reserve next meets on December 9-10.

Looking at individual stocks, Delivery Hero The index sat at the high end through the previous trading session. The German food delivery company rose 14.6% on Friday after shareholder calls for a strategic review. According to a Bloomberg report.

While the European delivery sector is growing at a slower pace than the US, investors are upbeat about the prospects for “some valuable asset value crystallization” in the delivery hero after that report, Stifel’s vice president of equity research Clement Genelot said.

Genelot told CNBC that a full acquisition by one player was “highly unlikely,” but some delivery Hero assets in Korea, the Middle East and Latin America could attract buyers. Delivery Hero declined to comment when contacted by CNBC.

Danish Pharmaceutical Novo Nordisk remained on the investors’ agenda. Its shares rose 2% on Friday, reversing losses from the previous session. Wednesday, the US Centers for Medicare and Medicaid Services New negotiated price announced Ozempic and Wegovy for its bestseller drugs from 2027. The new price for patients on Medicare will be $274, a 71% discount from its current list price.

British Airline easyjet It closed 3% higher as investors reacted to Wednesday’s positive earnings, in which the firm raised profit estimates for a package holiday.

German stocks puma increased by more than 18% Thursday following media reports that Chinese sports multinational Anta Sports is preparing an acquisition bid. However, the stock fell 1.3% on Friday.

Investors watched defense stocks move on Friday as U.S. officials continued Try to make a peace agreement Between Russia and Ukraine. Russian President Vladimir Putin broke his silence on the plan on Thursday and said his country was ready for “serious talks”.

The Stoxx Aerospace and Defense index fell 0.1%.

European benchmarks rose for the fifth straight month in November, with healthcare-related stocks leading the index. Roche And Bayer France performed well after each posting strong test data Abivax Promising data about its ulcerative colitis drug is over 1000% year-to-date.

Tech names experienced changes as the AI-fueled bubble and increased valuations in the US spread to Europe. ASMIwhich supplies equipment to chipmakers, fell nearly 15% in the month, while the Dutch chip equipment maker ASML is down about 2% over the same period.

ASMI closed the session up 0.6%, while ASML gained 0.7%.

Defense stocks Damage is also seenwith Germany Hensault The stock market fell nearly 25% this month due to delayed growth guidance on the day.

In terms of data, a handful of European member states released preliminary inflation data on Friday.

UK car production data from The Society of Motor Manufacturers and Traders came in earlier in the day, showing a 23.8% year-on-year decline in October 2025 following a cyber attack on Jaguar Land Rover. Production stopped For more than two weeks.

Investors looked to stateside commodities on Friday Cold issue with CME Group’s CyrusOne Data centers halted trading in the futures market.

“Support is working to resolve the issue in the near term and will advise customers as soon as pre-open details are available,” CME Group said in a statement on its website.

Asia-Pacific markets traded mixed on Friday, while U.S. stock futures were little changed on Thursday night in a holiday-shortened week. The Nasdaq Composite is on course to end a seven-month winning streak.

— CNBC’s Jordan Butt contributed to this report.