Global markets update: US shares edge higher on strong earnings
Europe European stocks gained on Monday, led by rise in healthcare shares and on easing euro zone inflation in July. The pan-European benchmark STOXX 600 rose 0.1%. Britain’s FTSE 100 rose less than 0.1% at 7,699.41.
Germany’s DAX fell 0.1% at 16,446.83. France’s CAC 40 added 0.3% at 7,497.78. In July, the index is up 2%.
The euro zone consumer prices grew by 5.3% in July as compared to 5.5% in June, data showed. Among the healthcare stocks, Novo Nordisk rallied 3.4% as it launched its blockbuster weight-loss drug Wegovy in Germany. Among the sectoral gains, the energy sector rose 1.2% as Harbour Energy shares strengthened on UK’s plans to grant new North Sea licences.
Asian equities gained on Monday. Hong Kong’s Hang Seng index added 0.8% at 20,078.94. China's Shanghai Composite up 0.5% at 3,291.04.
Japan’s Nikkei 225 climbed 1.3% at 33,172.22. Australia’s S&P/ASX 200 index rose 0.1% at 7,410.4. New Zealand's benchmark S&P/NZX 50 index fell 0.9% at 12,056.15.
Brent crude for September delivery gained 57 cents to $85.56 a barrel on Monday. US crude oil benchmark for September delivery rose $1.22 to $81.80 a barrel. Natural gas for September delivery fell 1 cent to $2.63 per 1,000 cubic feet.
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