Investing.com – European stocks were mixed on Monday, amid thin trade as U.S. markets were closed for a holiday and as fears over the outlook for global growth remained.
During European afternoon trade, the EURO STOXX 50 was down 0.13%; France’s CAC 40 slid 0.09% and Germany's DAX gained 0.13%.
Meanwhile, markets in the U.S. were closed for the Independence Day bank holiday.
Earlier Monday, official data showed that Chinese auto sales grew at a slower pace in June while a services-industry index slid to a 15-month low. The data followed news last Friday that the U.S. economy shed 125,000 jobs in June and sparked fresh fears over a slowdown in global growth.
Also Monday, a report by Markit showed that the euro zone's services sector expanded for the tenth consecutive month in June.
However the report said there were signs that growth may weaken in coming months, as expansion of incoming new business declined to its slowest for four months.
In London, the commodity heavy FTSE 100 rose 0.02% as BP advanced 2.5% after it was reported that the company was seeking a strategic partner to help it ward off takeover bids.
Meanwhile, miners fell on speculation of decreased demand from China. Rio Tinto shares fell 2.1% and Antofagasta shares lost 1.6%.
Earlier Monday, data showed the service sector in the U.K. lost momentum in June as buisness activity fell to its lowest level in ten months.
U.S. markets were due to re-open on Tuesday.
During European afternoon trade, the EURO STOXX 50 was down 0.13%; France’s CAC 40 slid 0.09% and Germany's DAX gained 0.13%.
Meanwhile, markets in the U.S. were closed for the Independence Day bank holiday.
Earlier Monday, official data showed that Chinese auto sales grew at a slower pace in June while a services-industry index slid to a 15-month low. The data followed news last Friday that the U.S. economy shed 125,000 jobs in June and sparked fresh fears over a slowdown in global growth.
Also Monday, a report by Markit showed that the euro zone's services sector expanded for the tenth consecutive month in June.
However the report said there were signs that growth may weaken in coming months, as expansion of incoming new business declined to its slowest for four months.
In London, the commodity heavy FTSE 100 rose 0.02% as BP advanced 2.5% after it was reported that the company was seeking a strategic partner to help it ward off takeover bids.
Meanwhile, miners fell on speculation of decreased demand from China. Rio Tinto shares fell 2.1% and Antofagasta shares lost 1.6%.
Earlier Monday, data showed the service sector in the U.K. lost momentum in June as buisness activity fell to its lowest level in ten months.
U.S. markets were due to re-open on Tuesday.