European Stocks Edge Higher Ahead of US Data; GSK Shares Jump [Financial Post (Toronto, Ontario, Canada)]
DEUTSCHE TELEKOM AG S/ADR (DTEGY)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — European stocks rose on Thursday as investors awaited key US inflation data, with the healthcare sector leading gains after GSK Plc shares surged. The Stoxx Europe 600 Index was up 0.2% by 8:15 a.m. in London. GSK was the biggest gainer after it said it will pay as much as $2.2 billion to resolve US court cases related to it Zantac medication. Banks also outperformed, while the technology sector lagged. Among other individual movers, shares in Italy's BPER Banca SpA jumped after giving new targets for earnings and dividends, while Deutsche Telekom AG shares rose after the German company announced a share buyback program of as much as €2 billion ($2.2 billion) for 2025. Energy firm Repsol SA slipped after giving a disappointing trading update. Still, gains were muted as investors weighed multiple risks. Worries over escalating tensions in the Mid
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