European Stocks Advance as FTSE 100 Caps Record Winning StreakBy
European stocks ended the session higher amid gains in miners and energy shares, while comments by U.S. President-elect Donald Trump weighed on drugmakers.
The Stoxx Europe 600 Index added 0.2 percent at the close, erasing an early decline of as much as 0.3 percent. Health-care stocks fell the most among sectors after Trump said in his first press conference as U.S. President-elect that he’d force the industry to bid for government business.
The U.K.’s FTSE 100 Index climbed 0.2 percent today, completing a record streak of 12 successive gains and a 10th consecutive all-time high.
- Energy shares tracked oil higher, while commodity producers closed at their highest level since May 2015.
- Shire Plc, Roche Holding AG and AstraZeneca Plc, which count North America as their biggest market, fell at least 1 percent.
- Chr Hansen Holding A/S climbed 5.1 percent after its earnings topped projections.
- Cobham Plc tumbled 15 percent after foregoing a final dividend payment, citing “disappointing” trading and higher-than-expected net debt.
— With assistance by Elena Popina