European stocks rise supported by a rise in health care ‎

European stocks rose on Friday and were heading for a weekly increase thanks to the rise in health care sector stocks, while investors awaited inflation data to search for signs of easing price pressures in all sectors.

According to Reuters, the European Stoxx 600 index rose 0.5% by 0810 GMT, and is heading towards achieving a 2.3% weekly increase, supported by a decline in euro zone bond yields as a result of expectations that central banks’ tightening of monetary policy has reached its peak.

All eyes will be on the euro zone inflation data scheduled to be released later on Friday, after data throughout the week indicated a decline in inflation in the United States and Britain.

Health care sector shares led the index’s gains and rose 1.2 percent, with shares of AstraZeneca, Novo Nordisk, and Sanofi rising by rates ranging between 1.2 and 2.1 percent.

At the same time, Volvo Cars shares fell to a record level of 12% and reached the bottom of the STOXX 600 index after the Chinese owner Geely began selling 100 million shares.