European markets higher; French banks gain on profit beats as Novo Nordisk slides

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European markets higher; French banks gain on profit beats as Novo Nordisk slides
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European stock markets traded in the green on Friday, rounding off a broadly negative week dominated by corporate earnings.

Shares of Danish pharmaceutical giant Novo Nordisk slid 4.3% through Friday morning, extending a 2.7% loss on Thursday as analysts pored over the details in its first-quarter results . It puts the stock on track for its sharpest daily decline since August 2022, according to LSEG data. The company reported booming sales for its injectable weight loss treatment Wegovy, which it said had offset a slight reduction in prices.

line Novo Nordisk share price. — Jenni Reid

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