European Shares Rise on Energy Stocks, ECB Optimism

European shares rose on Thursday, supported by gains in energy stocks, while investors digested minutes of the European Central Bank’s (ECB) October meeting where policymakers were cautiously optimistic about inflation falling in the euro zone. The pan-European Stoxx 600 added 0.3 per cent, extending gains to notch a fresh two-month high. The energy sector led sectoral gains, up 1.4 per cent following two straight sessions of sharp losses.

Also lifting the benchmark index, healthcare stocks rose 0.7 per cent with Novo Nordisk gaining 1 per cent on announcing a $2.3 billion investment to boost production of its wildly popular weight-loss and diabetes drugs. Euro zone inflation is falling as expected, or even a bit faster, but the European Central Bank must keep the possibility of an interest rate hike on the table, policymakers agreed last month, according to the accounts of their October meeting. Huberman family Christmas: ‘We were lucky as kids that Christmas in our house was a fun tim

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European shares rise as Fed rates hold boosts property and tech stocksMarkets buoyed by suggestion central banks are finished hiking rates for now
Source: IrishTimes - 🏆 3. / 98 Read more »

European stocks struggle after ECB decides to press pauseDublin’s Iseq index shed close 0.8% on Thursday
Source: IrishTimes - 🏆 3. / 98 Read more »

European shares hit three-week high on earnings boostIn Dublin, Flutter tumbles on back of dour earnings forecast
Source: IrishTimes - 🏆 3. / 98 Read more »

European shares edge higher after strong company earningsRyanair continues to climb, while Marks & Spencer is the star performer on the FTSE 100
Source: IrishTimes - 🏆 3. / 98 Read more »