(REPEAT) European stock market conditions: European stocks closed positive. Financial-Healthcare groups support the market
InfoQuest – European stock markets closed positive on Friday (Nov. 17), supported by financial and healthcare stocks. And the market closed higher this week amid confidence that central banks will aggressively cut interest rates next year.
The STOXX 600 Index closed at 455.82 points, an increase of 4.55 points or +1.01% and an increase of 2.8% this week. This was driven by falling bond yields.
The CAC-40 index of the French stock market closed at 7,233.91 points, an increase of 65.51 points or +0.91%, the DAX index of the German stock market closed at 15,919.16 points, an increase of 132.55 points or +0.84% and the FTSE 100 index of the London stock market closed at 7,504.25 points, an increase of 93.28 points or +1.26%
German government bond yields fell to their lowest level in more than two months after the market adjusted to the possibility that the European Central Bank (ECB) would cut interest rates by a total of 1% by the end of 2024.
New information confirms that Year-on-year inflation in the euro zone slowed sharply in October.
However, investors remain cautious about the impact the recent interest rate hikes will have on economic growth and the performance of listed companies.
Interest rate-sensitive real estate stocks rose 1.7%.
Mining stocks rose along with copper prices. After the dollar weakened
Healthcare stocks rose 1.2%, with AstraZeneca, Novo Nordisk and Sanofi up 0.9-2.3%.
UBS shares rose 3%, helping to support financial services stocks. while the banking group added 1.4%.
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