Global investing in healthcare saw increased momentum

Global investing in healthcare saw increased momentum after WHO approved a breakthrough cancer therapy from a Swiss-based biotech, pushing STOXX Europe Healthcare 1.6% higher. Institutional buying in medical equipment suppliers was significant. Gold has the advantage of having been around for thousands of years, making it the most trusted and established store of value in the eyes of massive pools of capital. But that might be where its advantages end. Space technology firm Firefly Aerospace said on Sunday that it will acquire national security technology company SciTec for about $855 million in a cash and stock deal. Global investing in luxury retail equities climbed after LVMH posted 9% sales growth in Asia. Analysts see continued resilience in discretionary spending despite macroeconomic headwinds, driving strong earnings forecasts.