European stocks open higher as markets anticipate first ECB rate cut since 2019; Novo Nordisk up 3.5%
NVONovo Nordisk(NVO) CNBC·2024-06-06 15:24

A sculpture of the Euro currency stands in the city centre of Frankfurt am Main, western Germany, on January 25, 2024. European stocks were higher Thursday, with traders anticipating that the European Central Bank will cut borrowing costs for the euro area for the first time since September 2019. The pan-European Stoxx 600 was up 0.6% in early deals, with all major bourses and the vast majority of sectors in the green. Tech stocks jumped 1.7% while utilities were a rare outlier, down 0.7%. Health-care stock ...