Live Markets: A health boost for the STOXX
LIVE MARKETS-A health boost for the STOXX Adds blog post
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A HEALTH BOOST FOR THE STOXX
Europe's STOXX 600 .STOXX is up 0.8%, getting a boost from healthcare names which are dominating the top ten biggest gainers in the index.
They are being led higher by Denmark-based biotech company Genmab GMAB.CO, which has jumped over 8% to its highest in around three years. Genmab and US drugmaker AbbVie ABBV.N on Monday said their combination treatment for patients newly diagnosed with a type of lymphoma reduced the risk of disease progression or death in a late-stage study.
An index of European healthcare stocks .SXDP is up 1.%, on track for its biggest daily rise since mid-September.
The rise was enough to put it atop the biggest sectoral gainers, followed by media .SXMP and banks .SX7P, which rose 1.4% and 1.2% respectively.
Oil and gas .SXEP was meanwhile the only sector to fall, down 0.2%, as Brent crude futures LCOc1 were a touch lower on the day just below the $100 mark.
The DAX .GDAXI and FTSE .FTSE were also both up around 0.8%, while France's CAC .FCHI lagged somewhat, up 0.4%.
(Sophie Kiderlin)
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