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European Shares Rise Amid Ceasefire Optimism, Stock Surges

3/13/2025

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Summary

Story summary

European shares increased by 0.8% on March 12, ending a four-day decline, fueled by optimism over the Ukraine-Russia ceasefire and a cooler U.S. inflation report.
Zealand Pharma's stock soared 37% following Roche's acquisition of rights to its obesity therapy for up to $5.3 billion.
Porsche reported a more than 30% drop in earnings, while Puma's earnings fell 19.9% amid a disappointing sales outlook.
Ongoing trade disputes and recession fears are limiting overall market growth.

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Story summary

European shares increased by 0.8% on March 12, ending a four-day decline, fueled by optimism over the Ukraine-Russia ceasefire and a cooler U.S. inflation report.
Zealand Pharma's stock soared 37% following Roche's acquisition of rights to its obesity therapy for up to $5.3 billion.
Porsche reported a more than 30% drop in earnings, while Puma's earnings fell 19.9% amid a disappointing sales outlook.
Ongoing trade disputes and recession fears are limiting overall market growth.