European shares rise on healthcare boost, retreating bond yields
© Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 27, 2023. REUTERS/Staff - European shares recovered in early trading on Monday, boosted by healthcare stocks, as bond yields declined with investors assessing key inflation data.Euro area sovereign bond yields dropped with investors reckoning markets broadly priced in a higher-for-longer outlook for policy rates.
Another preliminary data showed Spain's 12-month inflation in October was unchanged from the previous month at 3.5%. Dassault Systemes jumped 3.0% after JP Morgan upgraded the French software maker to"overweight" from"underweight".
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