{"id":79287,"date":"2023-02-01T16:38:45","date_gmt":"2023-02-01T12:38:45","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=79287"},"modified":"2023-02-01T16:38:47","modified_gmt":"2023-02-01T12:38:47","slug":"european-shares-rose-supported-by-the-gains-of-the-pharmaceutical-sector","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/european-shares-rose-supported-by-the-gains-of-the-pharmaceutical-sector\/02\/01\/market-updates\/","title":{"rendered":"European shares rose,  supported by the gains of the pharmaceutical sector"},"content":{"rendered":"\n<p>European stocks rose on Wednesday, supported by gains in Novo Nordisk and other healthcare stocks, with eyes focused on the Federal Reserve&#8217;s interest rate decision later in the day.<\/p>\n\n\n\n<p>The pan-European STOXX 600 was up 0.3% by 0814 GMT, after a 6.7% jump last month when it posted its biggest gain in January since 2015, on hopes of better-than-expected corporate earnings and signs of economic health.<\/p>\n\n\n\n<p>Danish drugmaker Novo Nordisk rose 2.2%, leading healthcare shares, on expectations of strong sales growth in 2023.<\/p>\n\n\n\n<p>Sweden&#8217;s Husqvarna shares also jumped 5.5 percent after the garden tools and equipment maker&#8217;s operating losses fell year-on-year, helped by 8 percent organic sales growth.<\/p>\n\n\n\n<p>BMW shares rose 0.9 percent after the German car giant raised suggested retail prices for some models sold in China due to rising costs of raw materials and logistics worldwide.<\/p>\n\n\n\n<p>The Federal Reserve will announce its decision on interest rates at 1900 GMT on Wednesday, and Chairman Jerome Powell will hold a press conference half an hour later.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European stocks rose on Wednesday, supported by gains in Novo Nordisk and other healthcare stocks, with eyes focused on the Federal Reserve&#8217;s interest rate decision later in the day. The pan-European STOXX 600 was up 0.3% by 0814 GMT, after a 6.7% jump last month when it posted its biggest gain in January since 2015, &hellip;<\/p>\n","protected":false},"author":9,"featured_media":70689,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7211,6877,6928,6882],"class_list":["post-79287","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-currencies","tag-dollar","tag-euro","tag-forex"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/79287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=79287"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/79287\/revisions"}],"predecessor-version":[{"id":79288,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/79287\/revisions\/79288"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/70689"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=79287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=79287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=79287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}