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* AstraZeneca jumps on positive cancer drug update
* Focus on UK labour, CPI data later this week
* FTSE 100 up 0.1%, FTSE 250 adds 0.2%
Aug 15 (Reuters) - Britain's blue-chip share index ended
higher on Monday, as gains in drugmaker AstraZeneca and consumer
stocks relieved pressure from losses in mining and oil
heavyweights after data showed China's economy unexpectedly
slowed last month.
The FTSE 100 rose 0.1% to hold near 10-week highs,
while the midcap FTSE 250 index climbed 0.2%.
The mood was sombre across global stock markets, with
investors turning to defensive sectors such as healthcare and
consumer staples amid worries about the health of the world's
"People are going to be worried a whole lot over the global
economy," said Capital Economics' Oliver Allen.
"So if you're looking at things through that kind of risk
premia, that's a bit worse for energy, materials, financials and
some of the things that the FTSE 100 specialises in."
The FTSE 100 has outperformed its global peers this year due
to its large exposure to commodity stocks that have surged on
the back of a jump in oil and metal prices. A weakening pound
has also boosted dollar earners in the index.
The FTSE 100 is up nearly 2% so far this year, while the
MSCI world equities index has shed almost 13%.
Oil major Shell and miners Rio Tinto and
Anglo American slipped on Monday, in tandem with weaker
commodity prices, after data from China data raised fears about
Investors are awaiting the British employment report as well
as consumer prices data later this week to gauge the state of
the labour market and inflation.
The data could offer clues on whether the Bank of England
opts for a second consecutive 50 basis points rate hike at its
AstraZeneca gained 2.3% 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.
(Reporting by Sruthi Shankar and Aniruddha Ghosh in Bengaluru;
editing by Uttaresh.V, Vinay Dwivedi and Alex Richardson)