Europe stocks up 1.2% as investors react positively to Fed, earnings

climbed 1.2% in early trade, while all sectors were in positive territory. Tech stocks led gains, up 2.3%, as mining stocks rose 1.8%.

The Danish pharmaceutical giant posted third-quarter sales of 58.73 billion Danish krone , a 29% increase from the same period last year, driven by demand for its "While supply capacity for Wegovy is gradually being expanded, the supply of the lower dose strengths in the US will remain restricted to safeguard continuity of care," the company said in its earnings report.on Thursday reported $6.2 billion profit for the third quarter, roughly in line with estimates, as the company benefited from higher oil prices and refining margins.The company announced a $3.5 billion share buyback to be carried out over the next three months, up from $2.

Analysts at investment firm Jefferies named Asian stocks primed to or continuing with significant buybacks, which they said are an opportunity for investors.

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