European Stocks on the Rise: Positive Sentiment Ahead of US Inflation Data
- GSK led the surge after announcing a large provision to settle lawsuits.
- The heading translates to: "European stock markets experienced a boost thanks to grants in the healthcare sector.
Eulerpool News·
European stock markets experienced an upswing on Thursday as investors eagerly awaited the latest inflation data from the United States. The healthcare sector, in particular, proved to be a driving force, led by an impressive surge in GSK shares.
The Stoxx Europe 600 Index was up by 0.2% as of 8:15 a.m. in London. GSK emerged as the biggest winner after the company announced it would allocate up to $2.2 billion to settle U.S. lawsuits related to its drug Zantac. Bank stocks also performed above average, while the technology sector lagged behind.
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