The Danish pharmaceutical giant, coupled with gains in energy and gambling sectors, propels the Stoxx 600 index higher. Investors remain cautious, closely watching China's economic data and its impact on global markets.
The Danish pharmaceutical giant rose to the top of the Stoxx 600, continuing its recovery from a major selloff that saw shares fall sharply. Shares of oil tanker firm Frontline were also boosted on Friday, gaining 3% by 10:20 a.m. London time. It comes as Norwegian oil and gas company Vaar Energi also rose to the top of the Stoxx 600 index after adding 3%. Swedish online gambling firm Evolution saw gains of around 3.
5%, recovering from losses seen earlier this week after the company was downgraded by a major analyst. Elsewhere, investors are monitoring economic data out of China, where official figures showed industrial profits in the world's second biggest economy rose in 2024 and 2025, but warned that the country's economy would remain under pressure, given muted business confidence and ongoing uncertainty in the troubled Chinese property sector. Overnight in Asia, as traders reacted to the latest Chinese data print, as well as recent inflation numbers out of Japan. In, official figures showed core inflation in the city of Tokyo was at 3% in November, up from 2.6% in October
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