Novo Nordisk drops 5% after U.S. lists its drugs for price talks; European stocks rise
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 17 2025
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Should l Buy ?
Source: CNBC
European Markets Performance: European markets, particularly London's FTSE 100, are experiencing positive momentum with the Stoxx 600 index up by 0.69% and mining stocks leading gains amid merger talks between Glencore and Rio Tinto.
U.K. Economic Data Impact: Disappointing U.K. retail sales data and weaker economic growth figures have led to a decline in the British pound and increased expectations for interest rate cuts by the Bank of England, while government borrowing costs fell.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
