Categories: News

European shares edge higher; weak China data stokes worries

European shares inched higher on Monday, boosted by fresh gains for healthcare stocks, while signs of a slowing Chinese economy sparked a flight to sectors such as telecoms and consumer staples typically seen as immune to the economic cycles.

The pan-European STOXX 600 index rose 0.3% by 0720 GMT after hitting two-month highs at the open. Lifting healthcare stocks, AstraZeneca gained 2.6% after the drugmaker said its cancer drug, Enhertu, developed with Japan’s Daiichi Sankyo delayed the progression of a form of advanced breast cancer in previously treated patients.

HelloFresh jumped 8.1% after the German meal-kit maker reported better-than-expected quarterly results. Henkel slipped 1.3% as the German consumer goods group said the surging cost of materials hit earnings in the first half of the year.

China-exposed automakers and miners slipped after the country’s central bank cut key lending rates in a surprise move to revive demand as data showed the economy unexpectedly slowing in July.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Agency Desk

Recent Posts

Can You Use Your EBT Card on Amazon Prime Day 2025? Here’s What You Should Know

SNAP EBT users can shop for eligible groceries on Amazon during Prime Day 2025 without…

13 hours ago

California Minimum Wage 2025: What Workers Need to Know Now

California’s minimum wage in 2025 is $16.50 per hour statewide, but many cities like San…

13 hours ago

VA Priority Group 7 Benefits: Who Qualifies and What’s Covered?

VA Priority Group 7 supports veterans without service-connected disabilities but with limited income. They get…

13 hours ago

Here’s Why the 2026 COLA Might Fail to Help Retirees Keep Up With Costs

The 2026 Social Security COLA may rise slightly, but experts warn it won’t match real…

2 days ago

Paisano Card: How Mexico Plans to Save Your Remittances from US Tax

Mexico is promoting the Paisano Card to help immigrants avoid a new 1% U.S. tax…

2 days ago

Summer Food Stamps July 2025: How Much Can You Get?

Families receiving Summer Food Stamps through the SUN Bucks program can get up to $40…

2 days ago