European Shares Inch Higher Ahead Of US Jobs Data

Macro
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Summary · why it matters

European stocks moved higher on Thursday as gains in defensive stocks offset a loss of momentum in the AI-driven tech rally. The pan-European Stoxx 600 rose half a percent to 642.57, while Germany's DAX gained 0.4 percent, France's CAC 40 surged 0.6 percent, and the UK's FTSE 100 was up half a percent. Roche Holdings rose about 2 percent after its experimental drug divarasib showed better potential than existing therapies in a late-stage lung cancer study. Bayer climbed 5.2 percent on plans to consolidate its US Roundup business into a new unit, and Sodexo soared 9 percent after raising its full-year organic revenue growth forecast.

Impact on stocks 3

Health Care · 2 stocks
Bayer AG NA
BAYN
▲ PositiveRegulationrelevance

Bayer plans to consolidate its US Roundup business into a new unit, likely to manage litigation risks.

Roche Holding AG
ROP
▲ PositiveTechnologyrelevance

Roche's experimental drug divarasib showed better potential than existing therapies in a late-stage lung cancer study.

Industrials · 1 stocks
Sodexo SA
SW
▲ PositiveDemandrelevance

Sodexo raised its full-year organic revenue growth forecast, indicating stronger end-customer demand.