Healthcare lifts European shares; oil and Middle East tensions weigh before US jobs data

economictimes.indiatimes.com

European shares rose on Friday, led by healthcare gains, while oil-price and Middle East tensions kept investors cautious ahead of the US jobs report. The pan-European STOXX 600 rose 0.2 percent, heading for a fourth weekly gain. Healthcare climbed 1.3 percent, boosted by Genmab's strong results. Insurers lagged, with Munich Re falling 3.7 percent despite higher profit. Rising Brent crude near $83 per barrel stoked inflation worries. Economists expect US July job growth to have accelerated, potentially reinforcing expectations that the Federal Reserve will keep interest rates higher for longer, with Middle East developments and oil prices remaining key market drivers.


With a significance score of 1.1, this news ranks in the top 55% of today's 33251 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers: