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Live Markets: A health boost for the STOXX

LIVE MARKETS-A health boost for the STOXX

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STOXX 600 up 0.8%

Healthcare stocks lead gains, boosted by 8% jump in Genmab shares

Wall St futures steady

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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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EARLIER ON LIVE MARKETS:

EUROPE BEFORE THE BELL: READY FOR A JUMP CLICK HERE

SPAIN TO FRANCE: HOLD MY CERVEZA CLICK HERE


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