ASX set to edge higher as European markets take centre stage

ASX set to edge higher as European markets take centre stage

By Sruthi Shankar and Shreyashi Sanyal With Wall Street closed for its Thanksgiving holiday, European shares rose were in focus as investors bought into defensive sectors such as utilities amid worries about soaring coronavirus cases across the continent. The Europe-wide STOXX 600 index rose 0.4 per cent, bouncing off three-week lows hit on Wednesday. Utilities and healthcare stocks, sectors considered as safer bets during times of economic uncertainty, were among top gainers. Utilities, which led the way, also received a boost from Germany’s push to step up climate protection, including a faster expansion of renewables and an accelerated coal exit. Technology stocks rose 0.6 per cent, their first session of gains in six days, after rising bond yields hit the high-growth sector earlier this week. The Australian sharemarket is set …
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