LONDON ( The Deal) -- European markets retreated a little Monday morning from Friday's highs and have far taken little inspiration from the latest manufacturing sector purchasing managers indices. These showed an unexpected recovery in the U.K. after a weaker September, and an uneven but disappointing outcome for the eurozone, where the revised figure came out weaker than earlier flash estimates. At only 50.6 points for October, the eurozone manufacturing economy is hovering only just above the border line between expansion and contraction.
The U.S. figures are out later Monday and expected to show strong growth.
Watch the video below for a closer look at how European markets are doing in midday trading Monday:
One riser this morning was Germany's Heidelberg Cement (HLBZF) , which said it had pulled out of the running to buy any of the 40 billion euros ($50 billion) of assets spun out of the merger between its big rivals Lafarge and Holcim. It's focusing instead on debt reduction and other projects of its own.
Also in Germany, electricity company E.ON (EONGY) was down 0.76% after announcing the sale of a 20% stake in Finnish gas company Gasum Oy to the Finnish government for 200 million euros.
In France, acquisitive telecom investor Altice announced an offer to acquire the Portuguese assets of Portugal Telecom SGPS, unwinding a troubled merger with Brazil's Oi. The deal has an enterprise value of 7.03 billion euros ($8.8 billion). ATC was down 1.88%. Portugal Telecom was up 5.5%.
In London, Diageo(DEO) - Get Report was down 0.33% after agreeing to swap its 50% stake in Bushmills whisky with its co-owner, Mexico's Casa Cuervo, in exchange for Cuervo's tequila Don Julio, $408 million and an agreement by Cuervo to cease production of Diageo's Smirnoff vodka.
The high flyer in London was budget airline EasyJet (ESYJY) , which rose 2.47% at 1,347 pence after its Irish listed rival, Ryanair RYAAY, raised its annual profit outlook. Ryanair was up 9%.
The FTSE 100 in London was down 0.27% at 6,528, in Paris the CAC 40 was down 0.43% at 4,215 and in Germany the DAX was down 0.3% at 9,299. In Hong Kong, the Hang Seng fell 0.34% at 23,915.97.