LONDON (The Deal) -- European and Asian stocks were mixed Monday amid continued expectations the Federal Reserve may soon tighten its monetary stance and as European economic data on balance painted a picture of recovery.
In London, the FTSE was up 0.38% at 6,760.43, while in Frankfurt the DAX climbed 0.28% to 9,032.61. In Paris, the CAC 40 gained 0.26% to 4,284.42.
Across the eurozone, the Markit Purchasing Managers' index of the manufacturing sector climbed for the fourth consecutive month in October. The results showed an above-forecast increase in Germany, while in Spain the index rose for the third month, providing more evidence Europe's No. 5 economy is on a recovery track.
Across the eurozone, investor confidence, as measured by the Sentix index, rose sharply to a two-and-a-half year high.
Shares in HSBC Holdings
(HBC) rose more than 2% after the bank posted a 30% increase in third-quarter profit to $4.53 billion and continued to reduce costs as a percentage of revenue under CEO Stuart Gulliver.
Ryanair Holdings was down almost 12% after the airline said full-year profit could drop as much as 12% from its last financial year. Its news weighed on the shares of Air France-KLM and Deutsche Lufthansa, which last week delivered downbeat financial reports of their own.
In Hong Kong, the Hang Seng closed down 0.26% at 23,189.62, while in Tokyo the Nikkei 225 pared 0.88% to 14,201.57.
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