European markets close higher after choppy month; Delivery Hero gains almost 15%

European stocks ended Friday in positive territory as investors digested the end of a choppy month.

The pan-European Stoxx 600 closed the session 0.2% higher, with major bourses and most sectors in positive territory.

November has been a volatile month for equities with fears of stretched AI valuations resurfacing, causing a rollercoaster of relief rallies and sell-offs adding to insights from the latest earnings season and uncertainty over monetary policy.

However, global markets were buoyed this week by rising expectations of an interest rate cut by the U.S. Federal Reserve when it next meets on Dec. 9-10.

Looking at individual stocks, Delivery Hero sat at the higher end of the index through the previous trading session. The German food delivery company soared 14.6% on Friday following a shareholder call for a strategic review, according to Bloomberg reporting.