European stocks stabilize after US-China trade truce


https://www.saba.ye/en/news3481334.htm

Yemen News Agency SABA
European stocks stabilize after US-China trade truce
[14/ May/2025]

Brussels - Saba:

European stocks stabilized on Wednesday, following gains earlier this week following the US-China trade truce.

The pan-European STOXX 600 index stabilized at 545.31 points, following Tuesday's fourth consecutive session of gains.

Wind turbine maker Vestas rose 1.2% after Berenberg upgraded the stock, while European healthcare stocks fell 2.9%, with Novo Nordisk, AstraZeneca, GlaxoSmithKline, and Roche Holding all falling between 3.3% and 6.8%.

Luxury retailer Burberry rose 7.9% as customer confidence in the brand improved, while German chemicals distributor Brenntag fell 3% after its quarterly core earnings missed expectations.