Tepid start for STOXX as miners weigh
STOXX 600 up 0.1%
Miners down after China data
M&A activity provides lifts
Week's cenbank meetings loom
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TEPID START FOR STOXX AS MINERS WEIGH
The STOXX 600 .STOXX has kicked off the week hovering around flat, last up 0.1% after mostly flashing red for the first hour of trading.
Any gains are clipped by the worst-off sector, basic resources .SXPP, down 0.7%. Data over the weekend showed China's industrial output growth slowed to a five-month low in August a factor likely weighing on mining stocks.
Meanwhile, healthcare names .SXDP are the top movers, up 0.4% with France-based biopharmaceutical group Ipsen IPN.PA up 5.3% following a broker upgrade.
At the top of the STOXX 600 .STOXX is French electrical parts company Rexel .RXL.PA, soaring 10% after it rejected a takeover offer from U.S. company QXO QXO.O.
A similar story is behind one of the big gainers in London. Automotive fluid storage maker TI Fluid Systems TIFS.L is up 12.5% after rejecting Canada-based manufacturer ABC Technologies' buyout proposal.
Not far behind is Playtech PTEC.L up 8.3%, after an upbeat profit outlook.
Insurer Phoenix Group PHNX.L is down 2.8% after it said it will halt the sale of its SunLife unit.
(Lucy Raitano)
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FOR MONDAY'S OTHER LIVE MARKETS POSTS
WEAK START FOR EUROPE AHEAD OF PACKED WEEK CLICK HERE
HANGING ON THE FED CLICK HERE
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