European shares rise on healthcare boost, retreating bond yields

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European shares rise on healthcare boost, retreating bond yields
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Spice Up Your Life with Homemade Pumpkin Spice: No Bake Pie | SaltWire #shortsvideo #cookingshorts - European shares recovered in early trading on Monday, boosted by healthcare stocks, as bond yields declined with investors assessing key inflation data.Euro area sovereign bond yields dropped with investors reckoning markets broadly priced in a higher-for-longer outlook for policy rates.

Data showed consumer prices in the German state of North Rhine-Westphalia fell by 0.1% month-on-month in October and were up by 3.1% year-on-year. Another preliminary data showed Spain's 12-month inflation in October was unchanged from the previous month at 3.5%.Siemens Energy jumped 9% as close talks with Berlin over around 15 billion euros in project-related guarantees continued over the weekend.

Dassault Systemes jumped 3.0% after JP Morgan upgraded the French software maker to"overweight" from"underweight". HSBC gained 1.2% after reporting a fresh $3 billion share buyback and a more than doubling of third-quarter profit.

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