Europe’s STOXX 600 bolstered by defensive sectors amidst China uncertainty | Forexlive
Defensive sectors prop up Europe’s STOXX 600 as China uncertainty lingers
European stocks gained slightly, with defensive sectors like utilities, healthcare, and real estate supporting the STOXX 600 amid ongoing concerns about China’s stimulus plans.
Mining and luxury sectors linked to China struggled, while Rio Tinto slipped 0.7% following its $6.7 billion Arcadium Lithium acquisition. Continental shares rose nearly 3% on improved profitability forecasts, and Varta surged 27% after Porsche’s investment in its lithium-ion cell unit.