European shares advance as Trump claims victory

European shares opened higher on Wednesday, tracking an advance in US stock futures, as Donald Trump claimed victory in the presidential election and Republicans took control of at least one chamber of Congress.

Fox News projected that he had defeated Democrat Kamala Harris although other news outlets had yet to call the race for Trump.

The pan-European STOXX 600 added 1.1% as of 0810 GMT, with healthcare's 2.6% rise leading gains.

Novo Nordisk added 7.4% after the weight-loss and diabetes drugmaker reported better-than-expected quarterly sales of its popular Wegovy weight-loss drug and narrowed its 2024 outlook for the year.

Futures tracking the S&P 500 jumped as much as 1.8%.

Trump has already won the swing states of North Carolina, Georgia and Pennsylvania and holds leads in several others, according to Edison Research.

Shares of...