European markets open as investors react positively to Fed, earnings

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European markets opened higher Thursday as investors reacted positively to the U.S. Federal Reserve’s decision to hold interest rates steady.

climbed 0.6% at the open, while all sectors traded in positive territory. Mining stocks led gains, up 1.3%, as tech rose 1.15%.

The company has struggled to keep up with demand for Wegovy, an appetite-suppressing anti-obesity drug, forcing it to limit the number of patients able to begin treatment. Slimmon said if the market does rally into the year-end, it will be led by the"Magnificent Seven" stocks, naming his preferred play.CNBC Pro: Tencent, Alibaba and more: Jefferies says buybacks are gathering steam in Asia, names stocks to watch

 

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