Tuesday, 17 July 2018
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European markets close higher after latest trade war jolt; Gerresheimer surges 8%
Thursday, 12 July 2018 23:10 WIB | MARKET UPDATE |Stoxx 600Saham EropaStoxx Europe 600

European stocks closed higher Thursday as investors consolidated steep losses from the previous session when heightened fears of an escalation to the U.S.-China trade war soured sentiment.

The pan-European Stoxx 600 rose 0.78 percent to close at 384.370, with all major bourses and most sectors in positive territory.

Media was the best performing sector on Thursday, rallying to close 2.3 percent higher. Earlier in the day, the U.K. government cleared the way for Twenty-First Century Fox's bid to buy European pay-TV platform Sky, for which it is competing against U.S. rival Comcast. Sky ended the day 3.4 percent to the upside.

Healthcare stocks also rose throughout the day to close just over 2 percent in the green thanks to a boost from German pharmaceuticals packaging maker Gerresheimer, which led the gains across Europe. The firm closed 7.6 percent higher after it announced an extension of its business model and upgraded growth forecasts, though it had been trading above 9 percent earlier on in the afternoon.

Source: CNBC

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