European shares muted as consumer, energy stocks limit healthcare gains

European shares were muted on Tuesday as healthcare sector gains powered by heavyweight Novo Nordisk clinching US approval of its weight loss pill were offset by losses in consumer-facing shares. The pan-European STOXX 600 was up 0.2% at 587.91 by 0808 GMT. Major regional markets were largely subdued, with benchmark indexes in London and France little changed. Shares of Novo Nordisk advanced 5.8% after the US Food and Drug Administration approved its weight-loss pill on Monday, giving the drugmaker a major competitive advantage in the increasingly lucrative weight management market. The healthcare sector jumped 0.8%, the most among peers. Consumer discretionary shares were the biggest weights, with some luxury stocks such as Richemont falling. Energy slipped 0.1%, after logging four consecutive sessions of gains. Third-quarter US GDP figures, which are expected to show that the US economy had continued to grow strongly, will be on the radar in an otherwise data-light week.