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The pan-European STOXX 600 index rose 0.3% by 0812 GMT, with Novo Nordisk jumping 4.5% as it raised its full-year earnings outlook on strong sales of diabetes treatment Ozempic and also reported a better-than-expected profit.
European healthcare stocks gained 0.9%, while banks rose 0.4% ahead of what is expected to be the Fed’s fourth straight 75-basis-point increase to interest rates.
Still, attention will mostly be on whether the U.S. central bank might pivot its policy.
Traders are pricing in a 50-bp hike in December, while several parts of the U.S. Treasury yield curve point to a possible recession. [FEDWATCH] [US/]
