European stocks lifted to 7-week highs by pharma shares

lunes 15 de agosto de 2016 04:27 GYT
 

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* STOXX 600 at highest level since late June

* UCB surges after favourable U.S court ruling

* Sage Group falls after data breach

* STOXX 600 still down around 5 pct in 2016

By Sudip Kar-Gupta

LONDON, Aug 15 (Reuters) - European stocks climbed to their highest level in seven weeks on Monday, lifted by firmer healthcare stocks after Belgian pharmaceuticals group UCB won a favourable U.S. court ruling.

The pan-European STOXX 600 index advanced 0.3 percent to 347.26 points, its highest level since late June, before markets slumped in the immediate aftermath of Britain's shock "Brexit" vote to quit the European Union.

While the STOXX 600 index remains down by around 5 percent since the start of 2016, it is up by around 12 percent from a low point reached on June 27 after the Brexit vote.   Continuación...