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.)
To activate a Conn’s credit card online, go to the company’s card account page, enter…
To activate your AncestryDNA kit online, go to Ancestry’s registration page, sign in or make…
To activate your Skylight One Card online, you have to visit the official activation page,…
To activate your Priceline Visa card online, go to Barclays’ activation page, enter your card…
Activating your L.L.Bean VISA card online is simple. Visit the official card website, enter your…
Activate your KeyBank card online in minutes by signing in trhough website. If you are…