European stocks rose today, ahead of the US Federal Reserve’s monetary policy decision scheduled for later today.
The European STOXX 600 index rose 0.1 percent, heading for gains for the third day in a row. In turn, health care sector stocks led the gains and rose 1 percent, with GlaxoSmithKline stock rising 1.8 percent after it raised its full-year profit and sales expectations for the second time.
Danish Ørsted shares fell 20.1 percent to the bottom of the STOXX 600 index after the company failed to record expected profits in the third quarter of this year and in light of a significant increase in impairment charges.
Shares of the Swedish construction company Skanska also fell 12.3 percent after announcing operating profits for the third quarter, much lower than expectations, as a result of weak real estate markets.
2023-11-01 13:07:37
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