Market Insider

stocks, news, data and earnings

LONDON — European stocks closed lower Tuesday, failing to recover even as U.S. sentiment brightened after a tech-driven sell-off.

The pan-European Stoxx 600 index provisionally finished 0.3% lower, with sectors and major bourses diverging.

Industrial stocks sank 1.7%, while health care rose 0.8%. The euro also weakened as the specter of political risk hangs over the region, falling 0.23% against the U.S. dollar.

Shares of Novo Nordisk rose 4% after the company said that its Wegovy weight loss treatment had been approved in China for long-term weight management. Shares of Zealand Pharma, which is developing its own contender weight loss drug, also rose 8.8%.

Airbus shares, meanwhile, fell 9.4% on Tuesday after the company said it was cutting its targets for 2024, including aircraft deliveries and earnings.

Stock picks and investing trends from CNBC Pro:

Source link

Share with your friends!

Leave a Reply

Your email address will not be published. Required fields are marked *

Sign up now for breaking stock alerts

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.