EU STOCKS hold mix

European stock markets struggled for direction on Monday, after lackluster Chinese data spurred concerns about global growth. The FTSE 100 added 0.01%, the CAC 40 retreated 0.09% and the Xetra DAX rose 0.82%.

European stocks continues losses after posted their third weekly drop amid concern that the Federal Reserve may reduce bond buying as soon as September and as the European Central Bank refrained from announcing new stimulus measures.

Mining firms posted some of the biggest losses in the pan-European index, after a poor set of economic data from China out over the weekend. The data showed inflation grew at a slower-than-expected pace in May, export growth slumped unexpectedly and total social financing fell by about one-third.

Miners are sensitive to growth indications from China, as the country is a major user of natural resources. Shares of Anglo American PLC lost 1.7% in London, Rio Tinto PLC dropped 1.7% and BHP Billiton PLC gave up 1.3%.

Severn Trent slid 3.8%, the biggest drop sin almost a year. Borealis Infrastructure Management Inc. and its partners in the LongRiver group abandoned a 5.3 billion-pound ($8.2 billion) offer for Severn Trent after the U.K. water utility declined to negotiate with the group.

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