European stock markets mid session: stocks traded mixed on the better-than-expected German Ifo business climate data

Stock indices traded mixed on the better-than-expected German Ifo business climate data. German Ifo Institute released its business confidence figures for Germany on Monday. German business confidence index fell to 108.2 in October from 108.5 in September, beating expectations for a decline to 107.8.

"Companies were slightly less satisfied with their current business situation than in September. Optimism with a view to future business developments nevertheless continued to grow. The German economy is proving remarkably resilient in view of this autumn's multiple challenges," Ifo President Hans-Werner Sinn said.

He added that the Volkswagen scandal had no impact on the German automotive industry.

The Ifo current conditions index declined to 112.6 from 114.0. Analysts had expected the index to fell to 113.5.

The Ifo expectations index rose to 103.8 from 103.3. Analysts had expected the index to decrease to 102.4.

The British Bankers' Association (BBA) released the number of mortgage approvals in the U.K. on Monday. The number of mortgage approvals decreased to 44,489 in September from 46,567 in August. August's figure was revised down from 46,743.

"Borrowing figures in the mortgage market remain strong as customers take advantage of record low interest rates. In particular, remortgaging remains high as savvy customers secure attractive deals ahead of a possible rate rise," the chief economist at the BBA, Richard Woolhouse, said.

Current figures:

Name Price Change Change %

FTSE 100 6,427.4 -16.68 -0.26 %

DAX 10,808.38 +13.84 +0.13 %

CAC 40 4,892.5 -31.14 -0.63 %