European shares see off January muted as falling tech stocks offset healthcare gains

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By Shashwat Chauhan and Shristi Achar A

(Reuters) -European shares ended flat on Wednesday, as losses in technology stocks countered gains fostered by upbeat earnings, while a strong forecast by drugmaker Novo Nordisk helped Copenhagen shares scale record highs.

The pan-European STOXX 600 index held steady at 485.67 at close, logging a 1.4% rise in January, its third consecutive monthly gain.

Heavyweight healthcare stocks were in the spotlight, advancing 0.5% with Danish drugmaker Novo Nordisk adding 3.6% to notch an all-time high after Europe’s most valuable company forecast another year of double-digit growth.

The stock pushed Copenhagen’s OMX 20 to a…

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