Energy stocks rise on higher crude prices
Novo Nordisk lifts healthcare sector
Adyen tumbles as brokerages turn bearish
China cuts oneyear benchmark lending rate
STOXX 600 up 0.6

Aug 21 Reuters European shares advanced on Monday after four sessions of losses, as energy stocks rose tracking global crude prices higher and Danish drugmaker Novo Nordisk led gains in healthcare stocks.

The panEuropean STOXX 600 gained 0.6. The index closed at a sixweek low on Friday.

Energy stocks added 1.2 as crude prices firmed on global supply tightening with lower exports from Saudi Arabia and Russia offsetting concerns about demand growth amid high interest rates.

Europe39;s healthcare index advanced 1.0 as shares of Novo Nordisk added 1.9 after Morgan Stanley raised its price target on the drugmaker.

Weighing on the UK midcap stocks, homebuilders fell 2.5 after residential housebuilder Crest Nicholson cut its fullyear profit view.

Separately, an industry survey showed asking prices for homes in Britain fell sharply this month.

European real estate stocks fell 1.0 in its seventh straight session of losses.

China cut its oneyear benchmark lending rate as authorities seek to ramp up efforts to stimulate credit demand, but surprised markets by keeping the fiveyear rate unchanged.

It is welcome to see some policy action… the question is whether it39;s enough to really stem what39;s a very difficult period for China at the moment, said Louise Kernohan, portfolio manager at…