European stocks edged lower on Monday after Chinese data released over the weekend came in weaker than expected.
On a quiet day for trading, with Germany and its stock market closed and France also taking a public holiday, the FTSE 100 was down 0.40% at 6,113.87. In Paris, the Cac 40 fell 0.93% to 4.279.77
S&P 500 mini futures were recently up 0.05%.
Brent crude was recently up 1.44% at $48.52 a barrel and West Texas intermediate was up 1.38% a $46.85.
Chinese data out over the weekend showed both industrial output and retail sales expanded less than expected in April.
Philips fell 3.5% in Amsterdam. The company set an indicative price range for the Amsterdam IPO of its lighting unit that would value the business at up to €3.4 billion ($3.8 billion).
In Helsinki, cranes maker Konecranes (KNCRY) surged 19%. It arranged to pay $1.3 billion for the materials handling unit of Terex (TEX) - Get Report as the two sides tore up an August merger deal worth a €1.8 billion. The terms of the latest agreement allows Terex to continue talks about a full or partial takeover offer from China's Zoomlion, with Konecranes in line for a $37 million breakup fee if the materials handling deal is scrapped by May 31. Zoomlion closed up 2.2% in Hong Kong amid reports of a new deal.
Telecom Italia (TI) was up 3.7% in Milan after the company on Friday more than doubled its cost-cutting target as it reported a bigger-than-expected decline in first-quarter profit .
Restructuring platinum miner Lonmin was up close to 15% in London after it said in its first-half results that it was ahead of schedule with its cost cuts. It released the report after a rescue rights issue in November pitched at a 94% discount to the prevailing share price. The company said it had net cash of $114 million as of March 31, compared with $185 million net debt six months earlier.
Also in London British Land slipped 1.2% as it reported above-forecast full-year profit, including a 16% increase in underlying profit to £313 million, though a dividend just 2.5% higher. The company said it remains "confident in the underlying strength of the business despite continued global macro uncertainty and the potentially adverse impact of a vote for the U.K. to leave the European Union."
In Singapore, logistics company CWT rose 1.4%. The company said its controlling shareholder, C&P, was in talks about selling its stake to China's acquisitive HNA Group.
The Nikkei 225 closed up 0.33% at 16,466.40 as the yen slipped back against the dollar.
The Topix gained 0.11% to close at 1,321.65.