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European stocks near weekly high
European stocks rose today, approaching their highest levels in a week, supported by a strong performance in the healthcare sector, which increased by 1.6%. Leading the gains was Genmab, after a study showed that its treatment for leukemia reduces the risk of death and disease progression, causing its stock to jump by 7.6%. Results from other sectors, such as TechnoPro, also contributed to the market’s strength. Meanwhile, Eurozone bond yields declined after a prior surge, helping to underpin the stock markets despite political and financial uncertainty. Investors are also awaiting key economic data on spending and consumption in the region and the UK.
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