LONDON (The Deal) -- European stocks were mixed on Monday as investors digested weekend comments from Federal Reserve Vice Chairman Stanley Fischer saying there's still a case for raising interest rates this year while insisting on a cautious approach.
In London, the FTSE 100 was down 0.65% at 6,374.47, while in Frankfurt the DAX added 0.21% to 10,115.50. In Paris, the CAC 40 was down 0.58% at 4,673.95.
Markets were seeking direction on Monday following six days of advances. Speaking at the International Monetary Fund's annual meetings in Lima, Peru, Fischer said Sunday that U.S. monetary policy makers are still likely to raise rates this year but underscored that a rate rise is an "expectation, not a commitment."
In London, commodities giant Glencore (GLNCY) was down 1.21% after announcing it had launched processes to sell copper mines in Australia and Chile after getting unsolicited approaches from several buyers.
The Cobar mine, in central western New South Wales, Australia, produces about 50,000 metric tons of copper in concentrate per year, while the Lomas Bayas low-cost, open-pit copper mine in Chile's Atacame dessert produces about 75,000 metric tons of copper cathode yearly. Glencore announced a $10 billion debt-cutting plan last month.
London-based SABMiller (SBMRY) , the world's second-largest brewer, was up 1.02% amid reports that its larger rival Anheuser-Busch InBev (BUD) had discussed raising its 4,215-pence-a-share takeover offer to about 4,300 pence a share.
While the target's biggest shareholder supports the bid, on Friday two big institutional shareholders -- Aberdeen Asset Management and Kulczyk Investments -- came out in support of SABMiller's rejection.
AB InBev faces a Wednesday 5 p.m. put-up-or-shut-up deadline in the U.K. unless SABMiller agrees to an extension.
AB InBev shares were 0.24% lower in Brussels Monday morning.
In Frankfurt, utilities got a boost after the country's economic affairs and energy committee said that companies have made sufficient provisions to cover the costs of phasing out nuclear power, as shown in a newly released stress report.
The German vote of confidence came after an expert opinion found that companies' combined assets cover the costs of the decommissioning of the country's nuclear power plants and the disposal of radioactive waste. The government plans to set up a commission soon to review the financing of the phase-out, and to adopt the legislation that's needed for the transition.
Pro.SiebenSat.1 Media also rose. The stock added 0.69% as investors welcomed an agreement to buy private equity-backed Swedish online travel agency Etraveli Holding for about €235 million ($267 million). The Munich-based buyer said the deal will be its largest international investment in electronic commerce and provides the ideal supplement to its 7Travel travel portfolio.
Etraveli operates in 40 countries and on four continents through brands including Supersaver, Gotogate and Travel start. In Sweden, it also operates airline price comparison websites Flygresor.se and Charter.se, with plans to launch a new range of services in the German travel market later this year
In Oslo, Novozymes slumped more than 4% following a ratings downgrade from Goldman Sachs from "buy" to "sell."
Asian stocks were higher on Monday with the Hang Seng adding 1.21% in Hong Kong to 22,730.93 and the Nikkei 1.64% higher in Tokyo at 18,438.67.