Pharma Giant Leads Stoxx 600 Gains as Investors Watch China Economic Data

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Pharma Giant Leads Stoxx 600 Gains as Investors Watch China Economic Data
STOCK MARKETPHARMACEUTICALCHINA ECONOMY
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A Danish pharmaceutical company topped the Stoxx 600 index on Friday, marking a continued recovery from a recent selloff. Other notable gains included Norwegian energy company Vaar Energi and Swedish online gambling firm Evolution. Meanwhile, investors closely followed Chinese economic data, including industrial profits and inflation figures.

The Danish pharmaceutical giant rose to the top of the Stoxx 600, continuing its recovery from a major selloff. 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 Elsewhere, investors are monitoring economic data out of China, where official figures showed industrial profits in the world's second biggest economy 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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