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European shares rose

2023-01-13T16:26:31.072Z


London, SANA- European stocks rose today, approaching their highest levels in nine months, supported by the rise of Shares


london-sana

European stocks rose today, approaching their highest levels in nine months, supported by the rise in healthcare stocks.

Reuters reported that the European Stoxx 600 index rose 0.2 percent, and the British Financial Times 100 index rose 0.4 percent.

European stocks are heading for gains for the second week in a row, with interest-sensitive technology stocks and retail stocks leading gains since the beginning of the year, up 13 percent and 14.4 percent, respectively, after the two sectors suffered during the past year, which witnessed fears of an economic slowdown and a hike interest rates.

Healthcare stocks were the biggest supporters of the European index today, with Novo Nordisk and Roche Holdings rising more than 1.5 percent in early trade.

Online gaming group Kindred fell 16.6% after a fourth-quarter earnings warning.

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Source: sena

All business articles on 2023-01-13

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