European shares jump to 2-month highs following U.S. midterms; Novo surges

European shares jumped to its highest in over two months on Wednesday after Democrats won control of both chambers of the US Congress, and boosted by heavyweight Novo Nordisk.

The pan-European STOXX 600 index advanced 1.2% in its best showing since July, with healthcare giant Novo Nordisk jumping nearly 6% after the Wegovy maker reported third-quarter adjusted operating profit above expectations and raised its full-year sales and profit forecasts.

Germany’s DAX and France’s CAC 40 over 1% each, while London’s FTSE 100 gained 0.9%. Italy’s FTSE MIB and Spain’s IBEX 35 surged over 2% each.

Trading sentiment was heavily shaped by preliminary returns from Tuesday’s U.S. congressional elections, where exit polls and early counts pointed to significant Democratic pickups across the House of Representatives and a tightly contested Senate battle.

This story was originally published by Hellenic Shipping News. Read the full story at Hellenic Shipping News →