European stocks were on Thursday, with the STOXX 50 up 1% and the STOXX 600 gaining 0.6%, extending the previous session's rally that drove both benchmarks to fresh record closes. Technology shares were among the top performers, buoyed by momentum in Asia following OpenAI's agreement with South Korean chipmakers.
Pharma stocks also extended gains after a relief rally in the prior session, amid signs that US President Trump's threatened tariffs on branded drugs may be less severe than feared after Pfizer struck a deal with the administration to offer discounted prescriptions through a new federal website.
Among megacaps, ASML Holding jumped 3.6%, Novo Nordisk rose 3.2%, Novartis gained 1% to a record high of CHF 105.02, while L'Oréal and Siemens each added around 1%.
Meanwhile, investors kept a cautious eye on the ongoing US government shutdown, though traders largely shrugged off concerns for now as they await further developments.
Source: Trading Economics
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