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European stocks advance despite weak China's data

Solid industrials and pharma sectors pushed European stocks higher on Monday while data showing slowdown in the Chinese economy capped the market’s gain.

Photo: Reuters

The pan-European STOXX 600 was up 0.1 percent at 385.22 at the opening bell.

Spain's IBEX 35 inched down 0.1 percent to 9,721.20, while Britain's FTSE 100 was unchanged at 7,663.71.

France's CAC 40 added 0.1 percent to 5,424.69 in line with Germany’s DAX.

Basic resources and autos sectors led the decline as they, but industrials merger news helps offset the overall negative influence of the Chinese growth data.

Shares in Indivior soared 26 percent after a U.S. court has granted the company a preliminary injunction versus India’s Dr. Reddy's Laboratories Ltd.

Shares of France-based technology consultancy firm Altran surged 3.8 percent after Friday’s 30 percent fall following a case of forged purchase orders.


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