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Europe Markets: Stoxx Europe 600 ends at best level since December 2015

European stocks on Thursday finished at their highest level in nearly 13 months, supported by a surge in biotech firm Actelion Ltd. and gains for bank stocks.

The Stoxx Europe 600 index SXXP, +0.25% rose 0.3% to 367.50, rising for a third straight day and representing the highest close for the pan-European benchmark since Dec. 30, 2015, according to FactSet data.

European stocks rose as the Dow Jones Industrial Average DJIA, +0.08%pushed further above 20,000 after climbing above that milestone for the first time ever in Wednesday’s session.

Among major movers in Europe, Actelion ATLN, +19.44% shares leapt 19% after Johnson & Johnson JNJ, -0.40% said it’s buying the Swiss biotech firm for $30 billion.

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