Wednesday, 01 October 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
European shares flat as healthcare gains counter broader market weakness
Wednesday, 1 October 2025 14:38 WIB | MARKET UPDATE |Eropa

European shares were flat on Wednesday, with gains in heavyweight healthcare stocks offsetting the decline in the broader market, as investors fretted over a potential delay in the closely-watched U.S. jobs data.

The pan-European STOXX 600 held steady at 557.9 points by 0711 GMT, after posting its third successive monthly gain in September.

Local bourses were mixed. Germany's DAX was down 0.5%, while the UK's FTSE 100 climbed 0.2% to an all-time high.

Healthcare stocks jumped 2.7% after Pfizer and U.S. President Donald Trump on Tuesday said they had cut a deal in which the drugmaker agreed to lower prescription drug prices.

Separately, Novartis gained 2.8% after the U.S. Food and Drug Administration approved the Swiss drugmaker's oral treatment for patients with a type of chronic inflammatory skin disease.

On the data front, British house prices rose slightly faster than expected in September, while a key inflation reading for the eurozone is due later in the day.

A U.S. private payrolls report due later in the day could gather more attention in the absence of Friday's non-farm payrolls report, as the U.S. government shut down much of its operations on Wednesday.

Source: Investing.com

RELATED NEWS
Asia markets trade mixed after Wall Street gains ahead of a potential U.S. government shutdown...
Wednesday, 1 October 2025 07:33 WIB

Asia-Pacific markets opened mixed Wednesday, following gains on Wall Street ahead of a potential U.S. government shutdown as lawmakers continue to wrangle over details of a second temporary spending b...

Wall Street indexes close higher with quarterly and monthly gains even as US government shutdown looms...
Wednesday, 1 October 2025 04:08 WIB

Wall Street's three major indexes managed to close Tuesday's choppy session higher, marking quarterly and monthly gains, even as investors braced for a U.S. government shutdown, which would delay key ...

Europe's STOXX 600 records best month since May; looming US shutdown in focus...
Wednesday, 1 October 2025 00:01 WIB

European shares reversed their earlier declines to close slightly higher on Tuesday, with energy stocks limiting broader gains, while investors weighed the potential impact of a U.S. government shutdo...

Caution Prevails on Wall Street as Q3 Wraps Up...
Tuesday, 30 September 2025 21:04 WIB

US stocks were little changed on Tuesday, with the three major indexes hovering around the flatline as investors adopted a cautious stance ahead of a potential government shutdown that could disrupt t...

European Stocks Are Set for Best September Gain in Six Years...
Tuesday, 30 September 2025 14:41 WIB

European stocks were set to wrap up September with the best performance since 2019, as optimism around resilient US economic growth and lower interest rates lifted risk appetite. The Stoxx Europe 600...

LATEST NEWS
Oil Prices Stall As Market Assesses OPEC+ Plan And Demand Concerns

Oil prices stabilized on Wednesday (October 1) after two days of declines as investors considered OPEC+ plans for a larger production increase next month, while data from the US and Asia showed signs of declining demand. Brent crude for December...

Gold Hits New Record After US Government Shutdown

Gold surged above $3,890 an ounce on Wednesday (October 1), hitting a new record high as the US government shutdown boosted demand for safe-haven assets. Washington has suspended most operations after a partisan standoff prevented a funding deal...

European shares flat as healthcare gains counter broader market weakness

European shares were flat on Wednesday, with gains in heavyweight healthcare stocks offsetting the decline in the broader market, as investors fretted over a potential delay in the closely-watched U.S. jobs data. The pan-European STOXX 600 held...

POPULAR NEWS
Fed's Williams expresses cautious dovishness as long as inflation remains under control
Tuesday, 30 September 2025 01:09 WIB

Federal Reserve (Fed Bank of New York President John C. Williams hit the newswires on Monday, expressing his general cautiousness toward further...

US expands export blacklist in crackdown on Chinese workarounds
Monday, 29 September 2025 22:35 WIB

The U.S. on Monday cracked down on companies in China and other countries that use subsidiaries or other foreign affiliates to get around curbs on...

Asia-Pacific markets trade mixed; Reserve Bank of Australia decision in spotlight
Tuesday, 30 September 2025 07:25 WIB

Asia-Pacific markets traded mixed Tuesday with focus on the Reserve Bank of Australia's interest rate decision later in the day. The RBA is...

Trump administration's shutdown plans trickle in as deadline nears
Tuesday, 30 September 2025 04:39 WIB

President Donald Trump's administration started detailing its plans on Monday for which services it will pause if the federal government shuts down...