- UK inflation increased to 2.6% in November, matching forecasts, with core inflation at 3.5%. Economists expect inflation to rise further due to energy costs and a tight labor market.
- UniCredit increased its stake in Commerzbank to 28% through derivatives, fuelling speculation about a potential buyout. The German government remains opposed to the move.
- Nissan shares jumped 24%, their best day in decades, amid reports of a potential merger with Honda under a holding company.
- General Mills shares dropped 5% after lowering its 2025 adjusted earnings forecast to a decline of 3% to 1%, down from its previous range of -1% to +1%.
