Euro Stoxx 600 Rises 0.2% as Tech and Pharma Stocks Lead European Market Gains

European equities rebounded with the Euro Stoxx 600 up 0.2%, driven by tech and pharma strength. Argenx surged 7.7% on trial data, while ASML and STMicroelectronics also posted gains.

Woofun AI reports that European stock markets opened higher for the most part on Monday, following declines in major indices the previous week. The Euro Stoxx 600 index climbed 0.2%, propelled by strong performance in technology and pharmaceutical sectors. STMicroelectronics, a supplier to SpaceX, rose 3%, while ASML and ASM International gained 2.35% and 2.7% respectively. Dutch pharmaceutical company Argenx led the advances, rising approximately 7.7% after announcing positive clinical trial results. The DAX and FTSE 100 increased by 0.02% and 0.3% respectively, whereas the French CAC40 index dropped 0.1%.