[STOCK MARKET UPDATE] Europe is in the green, despite caution over potential tariffs

European stock markets posted notable gains on Friday, buoyed by the performance of the technology and healthcare sectors. However, the shadow of Donald Trump’s forthcoming decisions on tariffs remains a major factor of uncertainty for investors.

 

The STOXX 600 index hit a record high on Friday, rising 0.3% after closing at an all-time high the previous day. The rise was mainly driven by sectors such as technology and healthcare : the technology sector index surged by over 1%, boosted by the strong performance of industrial technology group Hexagon (+7,02% at midday). Its operating profit exceeded expectations in the fourth quarter, rising by 6.2%.

 

In the healthcare sector, pharmaceutical giant Novartis posted a 2.4% increase after reporting adjusted net profit ahead of analysts’ forecasts. The sector as a whole advanced by 0.6%, boosted in particular by the solid performance of Novo Nordisk (+1,36% at midday).

 

Economic expectations under close scrutiny



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Read also > [STOCK MARKET UPDATE] Instability on global markets after Donald Trump’s first economic announcements

 

Featured photo : © ABACA Press

Picture of Anthony Conan
Anthony Conan
Graduated as a multimedia journalist in 2019, Anthony Conan has multiplied his experiences, notably as an editorial assistant at TF1 and as a radio journalist at RCF Bordeaux. He specializes in video editing in addition to writing, and has developed a particular interest in economics.
Luxus Magazine Automne/Hiver 2024

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