Lucy Harley-McKeown
FTSE 100 down and European shares rise as US closed for Labor Day
How major markets are performing on Monday
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The FTSE 100 and European indices were mixed on the first trading day of September, as PMI data showed UK manufacturing output at a 26-month high.
The FTSE 100 (^FTSE) finished the day 0.2% lower, even as shares in property platform Rightmove (RMV.L) jumped around 26%. Shares are higher after Rupert Murdoch-backed REA Group expressed an interest in a takeover bid.
Dragging the index down: "The latest data emerging from China yet again weighed on the mining sector, let alone piling more pressure if it were needed on Burberry (BRBY.L), whose relegation from the premier index is expected to be confirmed this week. The combined headwinds were enough to push the FTSE 100 lower, although in the year to date the index has nonetheless managed a respectable 8.3% gain," said Richard Hunter, head of markets at Interactive Investor.
The DAX (^GDAXI) in Germany rose 0.1% and the CAC (^FCHI) in Paris was up 0.2%.
The pan-European STOXX 600 (^STOXX) finished the session almost flat.
Last week, European stocks had closed near record highs following Eurozone inflation data which showed the heat coming out of price rises, and inflation heading towards the bloc's target rate.
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