European stocks make strong start to 2023 as hopes rise that inflation has peaked

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Iseq index in Dublin finishes ahead by 2.6 per cent

climbed 0.8 per cent after the British cinema operator said it would not sell any of its assets individually, and that it had not held discussions with AMC Entertainment about the sale of any of its theatres.soared 6.1 per cent after Jefferies raised the aeroplane engine-maker to “buy” from “hold”.agreed a new joint venture in Japan, months after its old project in the country collapsed.

JPMorgan said it expected Europe’s pharmaceutical and biotechnology sector to maintain its lofty premium, at least during the period of recessionary concerns, and named Novo Nordisk and AstraZeneca as its top picks, while upgrading Novartis.rose 1.6 per cent on a report it is on track with restructuring targets and will retain its forecasts until 2025 despite risks from the Ukraine war, aggressive inflation and recession.gained 4.

 

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