European stocks gain on tech, healthcare boost
European stocks nudged higher on Monday, with the STOXX 600 index up 0.2%, thanks to strong showings from healthcare and tech companies.
GSK shares jumped after news of CEO Emma Walmsley stepping down, while AstraZeneca reassured markets by keeping its London base even as it would now directly list its shares on the New York Stock Exchange instead of the current depository shares.
Informa and chipmakers lead the charge
If you're following markets or just curious about global trends, these gains show how specific sectors—like healthcare and semiconductors—can lift the mood even when the bigger picture is shaky.
Chipmakers ASMI and BE Semiconductor also saw their stocks rise over 1%.
US government shutdown worries investors
Despite Europe's positive vibe, there's anxiety about a possible US government shutdown this week.
President Biden is meeting congressional leaders to try to avoid it; if talks fail, key economic data could be delayed, making things uncertain for investors everywhere.