Investing.com - European stocks were mixed on Monday, after the release of positive euro zone data, as investors remained cautious amid ongoing uncertainty over the future of the Federal Reserve's stimulus program.
During European afternoon trade, the EURO STOXX 50 eased 0.03%, France’s CAC 40 added 0.09%, while Germany’s DAX 30 falls 0.13%.
Data showed that the euro zone’s services purchasing managers’ index rose to 49.8 in July, from a final reading of 48.3 in June, adding to signs of a recovery in the euro zone.
A separate report showed that euro zone retail sales fell 0.5% in June, compared to expectations for a 0.6% decline.
European equities found support last week, after European Central Bank President Mario Draghi said that the central bank’s monetary policy will remain accommodative “for an extended period of time”.
Financial stocks remained mixed, as French lenders BNP Paribas and Societe Generale climbed 0.67% and 1.32%, while Germany's Deutsche Bank slipped 0.29%.
Among peripheral lenders, Spanish banks BBVA and Banco Santander slipped 0.01% and 0.27% respectively, while Italy's Unicredit and Intesa Sanpaolo declined 0.52% and 1.40%.
Elsewhere, Veolia Environnement jumped 1.46% even asn net income fell to EUR3.6 million from EUR162 million a year earlier and operating income dropped to EUR364 million from EUR373 million.
In London, FTSE 100 dipped 0.04%, even as data showed that the U.K. service sector expanded at the fastest pace in more than six-and-a-half years in July.
Mining giants Rio Tinto and BHP Billiton remained higher, advancing 0.52% and 0.61%, while rivals Anglo American and Vedanta Resources rallied 1.66% and 3.98% respectively.
Meanwhile, financial stocks remained mixed. Shares in Barclays climbed 0.41% and Lloyds Banking surged 3.76%, while the Royal Bank of Scotland and HSBC Holdings tumbled 1.27% and 3.88%.
HSBC Holdings earlier said that its earnings missed analysts' estimates, while Chief Executive Officer Stuart Gulliver said the lender's fast-growing emerging markets are slowing.
In the U.S., equity markets pointed to a steady open. The Dow Jones Industrial Average futures pointed to a 0.01% dip, S&P 500 futures signaled a 0.02% loss, while the Nasdaq 100 futures indicated a 0.05% gain.
Also Monday, Markit research group said Spain's services PMI rose to 48.5 in July from a reading of 47.8 the previous month, beating expectations for a rise to 48.0.
Later in the day, the Institute for Supply Management was to release its nonmanufacturing index.
During European afternoon trade, the EURO STOXX 50 eased 0.03%, France’s CAC 40 added 0.09%, while Germany’s DAX 30 falls 0.13%.
Data showed that the euro zone’s services purchasing managers’ index rose to 49.8 in July, from a final reading of 48.3 in June, adding to signs of a recovery in the euro zone.
A separate report showed that euro zone retail sales fell 0.5% in June, compared to expectations for a 0.6% decline.
European equities found support last week, after European Central Bank President Mario Draghi said that the central bank’s monetary policy will remain accommodative “for an extended period of time”.
Financial stocks remained mixed, as French lenders BNP Paribas and Societe Generale climbed 0.67% and 1.32%, while Germany's Deutsche Bank slipped 0.29%.
Among peripheral lenders, Spanish banks BBVA and Banco Santander slipped 0.01% and 0.27% respectively, while Italy's Unicredit and Intesa Sanpaolo declined 0.52% and 1.40%.
Elsewhere, Veolia Environnement jumped 1.46% even asn net income fell to EUR3.6 million from EUR162 million a year earlier and operating income dropped to EUR364 million from EUR373 million.
In London, FTSE 100 dipped 0.04%, even as data showed that the U.K. service sector expanded at the fastest pace in more than six-and-a-half years in July.
Mining giants Rio Tinto and BHP Billiton remained higher, advancing 0.52% and 0.61%, while rivals Anglo American and Vedanta Resources rallied 1.66% and 3.98% respectively.
Meanwhile, financial stocks remained mixed. Shares in Barclays climbed 0.41% and Lloyds Banking surged 3.76%, while the Royal Bank of Scotland and HSBC Holdings tumbled 1.27% and 3.88%.
HSBC Holdings earlier said that its earnings missed analysts' estimates, while Chief Executive Officer Stuart Gulliver said the lender's fast-growing emerging markets are slowing.
In the U.S., equity markets pointed to a steady open. The Dow Jones Industrial Average futures pointed to a 0.01% dip, S&P 500 futures signaled a 0.02% loss, while the Nasdaq 100 futures indicated a 0.05% gain.
Also Monday, Markit research group said Spain's services PMI rose to 48.5 in July from a reading of 47.8 the previous month, beating expectations for a rise to 48.0.
Later in the day, the Institute for Supply Management was to release its nonmanufacturing index.