Stoxx 600, FTSE, Dax, data

London – European stock markets have launched the new month upwards because the defense and health care sectors received a boost from the company.

The Stoxx Aerospace and Defense index increased by 2.2%after the British government announced on Sunday that Norway had placed an order of 10 billion pounds Sterling ($ 13.5 billion) for British warships for its armed forces. It will be the largest export agreement for war ships in value by value and will support 4,000 jobs in the 2030s, according to a government statement.

Type 26 frigates will be built at BAE systems“The shipyards in Glasgow, Scotland, with the actions of the company up 1.9% on Monday. The other winners of the sector included the United Kingdom Babcock Internationalup 2.1%.

The actions of the Danish pharmaceutical giant Novo Nordisk, on the other hand, checked 1.8% more, after the company published trial data suggesting that the successful drug Wegovy surpasses the main competitors of the reduction in the risk of heart disease.

The study revealed that continuous semaglutide users, a weight management medication, marked as Wegovy, had a reduction up to 57% higher for the risk of heart attack, stroke or death than those using shooting – the active ingredient of Zepbound and Mounjaro, rival drugs produced by the American company Eli Lilly. Companies are the main players in the increasingly competitive weight loss space, investors continuing to assess the study data on their key products.

Denmark last week has more than half reduced its annual economic growth forecasts, which partly citing the drop in the American market share of Novo and the expectations of the drop in exports in the midst of its difficulties with generic prices and competitors.

It is a silent day on the data front in Europe, although Turkish growth data and EU unemployment figures are published.

The regional stock markets closed last Friday as the merchants were monitoring data on European and American inflation and evaluated the probability that the American federal reserve reduces interest rates at its next meeting in September. The president of the Fed, Jerome Powell, attracted expectations for a cup in a speech widely interpreted as an extinguished. The Fed meets the next from September 16 to 17.

Meanwhile, the markets in Asia-Pacific exchanged mixed territories overnight, investors evaluated the manufacturing data for the evaluation of China for August. Metrics – previously known as Caixin Purchase Managers’ Index – came to 50.5, compared to a contraction of 49.5 in the previous month.

The data published on Sunday showed that the manufacturing data of the PMI country came to 49.4 in August, against 49.3 in the previous month.

Investors also assess Indian-Chinese relations after leaders of the two countries have agreed that they are development partners, not rivals, at a two-day meeting of the Shanghai Cooperation Regional Security Block. Chinese President Xi Jinping is expected to give a speech to the top.

The American financial markets are closed for the holiday of the Labor Day on Monday.

– AMALA BALAKRISHNER of CNBC contributed to this market report.