The European stock market has managed to recover from its recent lows, leading  by healthcare and energy sector

Strong gains in energy and healthcare stocks helped European shares recover from three-week lows on Thursday. With several economic reports due out in the next few days, investors are expecting signs of the major central banks easing up on monetary policy.

By 0804 GMT, the pan-European STOXX 600 index was up 0.5%, having recovered from a three-week low hit in the previous session. Energy stocks were the top gainers, up 1.3%, followed closely by healthcare, which was up 0.8%. Sentiment was also lifted by data showing that China’s services industry expanded at a faster pace in May. Next, which is expected to report better earnings next year, jumped 5%. On the other hand, Evotec dropped 16% after it announced the sudden departure of its long-time CEO.

A day after the US Federal Reserve indicated that inflation was under control, investors are looking for data on the German consumer price index and the euro zone’s manufacturing activity to provide insight into the health of the economy.

Consumer prices in France were up in line with expectations in December, according to official data.