Health care rally buoys European stock markets

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Tue, 2020-04-21 03:47

LONDON: European stock markets closed higher after a volatile session on Monday, recovering losses caused by a collapse in oil prices and fears of the worst quarterly earnings season since the global financial crisis.

Health care stocks led the charge, marching to over six-week highs after drug maker Novartis won the go-ahead from the US Food and Drug Administration to conduct a randomized trial of malaria drug hydroxychloroquine against COVID-19.

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