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European stocks touch 7-week highs, supported by pharma shares

LONDON, Aug 15- European stocks climbed to their highest level in seven weeks on Monday, supported by firmer healthcare stocks after Belgian pharmaceuticals group UCB won a favourable U.S. court ruling. That level was the index's highest since before markets slumped in the immediate aftermath of Britain's shock "Brexit" vote to quit the European Union.

Source: Reuters

Now is the wrong moment to buy on the FTSE: analyst

Instead, keep money available for bargains later on - and do so in dollars or gold - says Robin Griffiths, chief technical analyst at The ECU Group.

Source: CNBC.com