European Stocks Rise on Euro-Zone Industrial Output Rebound

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European Stocks Rise on Euro-Zone Industrial Output Rebound

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European Stocks Rise on Euro-Zone Industrial Output Rebound

by TheStreet 1:39 mins

European Stocks Rise on Euro-Zone Industrial Output Rebound

by TheStreet 1:39 mins

European markets rose Thursday, after a report on industrial production in the 18-country euro zone boosted confidence in the economic recovery and as investors awaited the latest on U.S. retail sales and jobless claims. In London, AstraZeneca rose after announcing a global license agreement with Synairgen plc on a novel inhaled medication for treating respiratory tract infections in patients with severe asthma. Mining company Anglo American plc fell after Morgan Stanley recommended selling the stock, while online supermarket Ocado plc got a boost from a buy recommendation from JPMorgan Chase & Co. In Tokyo,Takata Corp. fell amid growing concerns over safety problems with its airbags, currently being investigated by regulators in the U.S.

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