European Shares Rise on Strong Earnings and Healthcare
European shares reached a two-week high as solid corporate earnings and healthcare gains outweighed losses in the technology sector. Ericsson shares jumped following positive results, while chipmakers declined due to inflation concerns.
Xurve View
Insights:
Xurve View
European shares rose 0.38% to 640.16 points on Thursday afternoon, hitting a two-week high led by robust healthcare gains and solid corporate earnings. The pan-European STOXX 600 index climbed out of a month-long trading range as investors rotated toward defensive sectors. The rally provides temporary relief as broader global technology equities face mounting pressure from interest rate concerns.
