Spread Betting and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68.4% of retail investor accounts lose money when trading Spread Betting and CFDs with this provider. You should consider whether you understand how Spread Betting and CFDs work and whether you can afford to take the high risk of losing your money

European shares edge higher; weak China data stokes worries

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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. (Reporting by Sruthi Shankar in Bengaluru; Editing by Sriraj Kalluvila)

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