Stocks rise with U.S. futures as earnings roll in - BNN Bloomberg

The Stoxx 600 Index turned higher, paced by gains in drugmakers and banks following upbeat results from Sanofi, AstraZeneca Plc and Barclays Plc. Deutsche Bank AG dropped after trading revenue disappointed.

Treasuries and the dollar were little changed before U.S. GDP and jobless claims to gauge the strength of the US economy. The Federal Reserve's preferred inflation gauge, the core PCE deflator, is due Friday. “We cannot rule out the possibility developments around First Republic could unfold in a manner that would lead the FOMC to skip May, while signaling a hike in June,” Guha said.

Pharmaceuticals are well-positioned to weather recession, according to Janet Mui, the head of market analysis at RBC Brewin Dolphin, who recommends shifting to defensives.

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