European markets advance, tracking global gains – CNBC
LONDON — European stocks climbed on Thursday, tracking gains overnight in the Asia-Pacific markets following a rise in the U.S. stock futures.
The pan-European Stoxx 600 gained 0.4% by late morning trade, with health care stocks adding 1.1% to lead gains while the insurance sector slid 0.8%.
The upward momentum for European stocks comes after a similarly upbeat session in Asia-Pacific overnight, boosted by U.S. trading; Asian stocks mostly rose on Thursday after the S&P 500 nudged higher to a record closing high on Wednesday.
UBS holds its annual general meeting on Thursday, while on the data front, German industrial orders rose in February on the back of strong domestic demand, data from the Federal Statistics Office showed.
There were few significant share price moves during morning deals. Johnson Matthey climbed 3.5% after the British chemicals company posted a promising 2021 outlook, while at the bottom of the European blue chip index, British insurer Direct Line Group slid 4.6%.
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