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European stocks closed mixed on Monday after a cautious session amid concerns about the health<\/span> of the world’s second largest economy<\/span> after Country Garden Holdings, a major property developer in China, missed bond payments and warned of multibillion-dollar losses. <\/p>\n Shares of mining companies lost ground, weighed down by concerns about the outlook for base metal demand following fresh debt woes and poor corporate earnings from Chinese property developers.<\/p>\n The pan European Stoxx advanced 0.15%. Germany’s DAX gained 0.46% and France’s CAC 40 edged up 0.12%, while the U.K.’s FTSE 100 ended 0.23% down. Switzerland’s SMI gained 0.26%.<\/p>\n Among other markets<\/span> in Europe, Czech Republic, Denmark, Finland, Greece, Ireland, Norway, Poland, Portugal and Russia ended weak.<\/p>\n Turkiye closed modestly higher, Austria, Belgium, Iceland and Netherlands edged up marginally, while Spain and Sweden closed slightly down.<\/p>\n In the UK market, B&M European Value Retail gained about 3% and Airtel Africa rallied nearly 3%. JD Sports Fashion gained 2.2%.<\/p>\n Coca-Cola, Hargreaves Lansdown, Legal & General Group, Admiral Group, GSK and Pershing Square Holdings ended higher by 1 to 1.8%.<\/p>\n Ocado Group dropped 4.33%. Anglo American Plc, Entain, Persimmon, Fresnillo, Glencore, ABRDN and Flutter Entertainment lost 2.2 to 3.2%.<\/p>\n Rio Tinto declined 1.67%, while Croda International, Smith & Nephew, Spirax-Sarco Engineering and Taylor Wimpey ended lower by 1 to 1.25%.<\/p>\n In the German market, Covestro climbed 3.8%. SAP, Sartorius, Hannover Rueck, Henkel, Deutsche Telekom, E.ON, and Siemens gained 0.9 to 1.6%.<\/p>\n Fresenius Medical Care ended more than 5% down. Zalando and Commerzbank drifted down 1.7% and 1.4%, respectively.<\/p>\n In Paris, Pernod Ricard, STMicroElectronics, L’Oreal, Air Liquide, Danone, Michelin, Legrand and Bouygues gained 0.6 to 1%.<\/p>\n Thales ended lower by 1.7%. TotalEnergies, Renault, Kering and LVMH lost 0.5 to 1.1%.<\/p>\n In economic news from Europe, Germany’s wholesale prices continued to decline in July, figures from Destatis showed. Wholesale prices posted an annual decline of 2.8% in July but slightly slower than the 2.9% fall in June. This was the fourth consecutive decline in prices.<\/p>\n The annual fall largely reflects 20.8% decrease in the wholesale prices of petroleum products. Similarly, wholesale prices of waste and scrap were down 32.8%. On the other hand, fruits and vegetable prices increased 27.5%.<\/p>\n Month-on-month, wholesale prices dropped 0.2%, the same pace of decline as seen in June. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n