European stocks gain amid falling oil and Middle East updates
European stocks closed higher, amid falling oil prices and expectations of interest rate hikes by the European Central Bank. The healthcare sector led the gains, with AbbVax (AbbVie) rising by 17.8%, while electronic chip companies were hit, with Infineon Technologies falling by 3.4%. Markets also remain cautious due to tensions in the Middle East and concerns over energy supplies and the European economy.
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