The pan-European Stoxx 600 ended 0.4% higher, with most sectors in the green as healthcare stocks led gains.
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Overnight, HSBC reported a huge 235% rise in profit after tax to $6.26 billion in the third quarter, which was nonetheless lower than expectations. Europe’s largest bank by assets also announced an additional share buyback of up to $3 billion. London-listed shares opened 0.8% higher.
Meanwhile, German gross domestic product recorded a 0.1% quarterly fall, slightly better than the 0.3% decline forecast in a Reuters poll of economists.
The economy shrank 0.8% on a price-adjusted basis versus the third quarter of 2022.
GDP for the second quarter was revised up from stagnation to 0.1% growth.
Asia-Pacific markets started the week mixed ahead of key economic data releases from around the region.
U.S. stocks were higher on a big week that will include the Federal Reserve’s rate decision, a jobs report and Apple’s earnings report.
Source : CNBC