Major stock indices in Europe trading mixed

European stocks traded mixed against the backdrop of rise in shares of mining companies and the dynamics of banks after the publication of the stress test results.

The composite index of the largest companies in the region Stoxx Europe 600 fell during trading 0,3% to 340.72 points.

Stress tests of 51 European banks have produced, in general, positive results, despite the sluggish economic growth in the region and lower interest rates, said the European banking management (European Banking Authority, EBA).

Only 12 banks will face serious problems in case of a severe economic downturn, according to the results published on Friday.

Weak figures showed banks in Italy, Ireland, Spain and Austria. The last place on the list with the worst result took the Italian Banca Monte Paschi di Siena, the oldest active bank in the world. Its capital adequacy ratio in the case of the worst-case scenario would be negative (minus 2.44%), which means bankruptcy.

Also in that group was Unicredit and Raiffeisen, British Barclays and the two largest German bank - Deutsche Bank and Commerzbank.

Share of Monte Paschi di Siena, in spite of the unfavorable results of the stress tests has soared by 6.6%. The bank said it plans to get rid of the portfolio of "bad" assets.

Unicredit Securities fell during trading by 3,9%, Raiffeisen -9.8%. The value of Deutsche Bank increased by 0,6%, HSBC by 0.8%.

Statistical data on the euro zone economy, published on Monday, pointed to a slowdown in the growth of industrial activity in the region.

Thus, PMI index in the industrial sector of the euro area fell to 52 points from 52.8 points a month earlier, according to official data.

Share pof mining companies are rising today after the rise in metal prices on weak statistical data from China.

Heineken shares slowed down 1.6% after the world's third largest brewing company reported revenue for the first half that not reached analysts' forecasts.

Meanwhile, shares of Porsche SE rose 0.3% after the auto company reported net profits in the first half of the year +41%.

At the moment:

FTSE 6717.81 -6.62 -0.10%

DAX 10367.26 29.76 0.29%

CAC 4420.77 -19.04 -0.43%