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LIVE MARKETS-Healthcare leads Europe lower

ReutersApr 2, 2025 8:13 AM

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HEALTHCARE LEADS EUROPE LOWER

European shares are down in the first hour of trading, led by healthcare stocks, down 2.5% their lowest since December 20. .SXDP

Why them? Well maybe they're more exposed to tariffs than most, and there was also a selloff in U.S. healthcare stocks overnight. .N

Bayer BAYGn.DE, GSK GSK.L, AstraZeneca AZN.L, Sanofi SASY.PA are all down 2-4.6%.

The broad STOXX 600 is 0.7% lower .STOXX

Otherwise the main mover of note is Grifols GRLS.MC, up 11% after news website El Confidencial reported that Canadian fund Brookfield BAM.TO has resumed takeover talks with the Spanish pharmaceuticals company.

(Alun John)

EARLIER ON LIVE MARKETS:

EUROPE BEFORE THE BELL: FUTURES DIP AHEAD OF LIBERATION DAY CLICK HERE

MORNING BID: MARKETS AT A STANDSTILL BEFORE TARIFF DRAMA CLICK HERE

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