Maybe the most positive thing to take from today was that despite Fresenius Medical (-17%), Fresenius (-8%), LVMH (-6%), Richemont (-4%) all down fairly hard and a bunch of warnings across the UK (Travis Perkins, Page group, Forterra) we still managed to eke out a gain with the Stoxx 600 closing up 15bps. “Where would we be without Novo Nordisk?” a client asked me today and the answer undoubtedly is lower! It was arguably a bit of a nothing day all things considered with Fed minutes this eveni…
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