European stock markets has updated the annual maximum today, January 26. According to Reuters, the growth in the index was caused by the news that the manufacturer of cosmetic and hygiene products Johnson & Johnson buys Swiss biotech company Actelion for $30 billion.
The STOXX 600 firmed 0.42 percent, after rising to its highest since December 2015. The German DAX peaked in may 2015.
Actelion shares have risen just 20%.
Supporting the market were also optimistic results. Shares of chip maker STMicroelectronics grew by 6.7% as the company’s performance in the fourth quarter of 2016 justified forecasts.