European stocks rise on cooling inflation

European shares ended higher on Monday, helped by gains in healthcare stocks and a report showing euro zone inflation eased further in July, though upbeat growth data tempered optimism about a rate hike pause.

The pan-European STOXX 600 (.STOXX) ended up 0.1%. The index climbed 2% in July, gaining for the second month in a row.

Data showed euro zone consumer prices grew by 5.3% this month versus 5.5% in June, extending a downtrend that started in the autumn. Excluding energy and unprocessed food, prices increased by 6.6% after a 6.8% rise a month earlier.

Fidelity European Trust PLC (LON:FEV) aims to be the cornerstone long-term investment of choice for those seeking European exposure across market cycles.

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