Generali gains after ninemonth profit beat
Evotec jumps on 2 bln euro buyout offer from Halozyme
STOXX 600 down 0.5, set for fourth straight weekly fall
Nov 15 Reuters Europe39;s STOXX 600 fell on Friday, dragged by technology and healthcare stocks, keeping the index on track for its fourth successive weekly drop.
The panEuropean STOXX 600 benchmark index slipped 0.5, hovering near a threemonth low hit earlier this week.
The technology subindex dropped 1.7, with chipmaker ASML among top decliners, after U.S. firm Applied Materials forecast firstquarter revenue below estimates, a sign of sluggish demand for the chipmaking equipment outside of AIpowered chips.
Healthcare stocks shed 2.1, with Bavarian Nordic sliding 17 after the Danish biotech firm posted a lowerthanexpected core profit for the third quarter, 2025 orders below expectations.
European vaccine makers came under pressure after U.S. Presidentelect Donald Trump said he has selected Robert F. Kennedy Jr., an environmental activist who has spread misinformation on vaccines, to lead the Department of Health and Human Services.
Sanofi fell 2.9, while GSK lost 2.2.
The Swiss benchmark, which houses the bulk of European healthcare firms, declined 0.8.
European equities were rocked this week as investors fretted over U.S.China relations after Trump was expected to tap a China hawk to be his secretary of state, while some downbeat earnings throughout this week also compounded losses.
A lower close on Wall…