In US economic data the national activity index eased from 0.29 to 0.14 in October. The Markit services "flash" index eased from 57.1 to 56.3 in November and the Dallas Federal Reserve index was steady at 10.5 in November.
European shares were mixed on Monday. The influential German Ifo business sentiment index rose from 103.2 to 104.7 in November. But there were doubts about any forthcoming stimulus by the European Central Bank with the German Bundesbank President saying measures could face "legal limits". The FTSEurofirst 300 index rose by 0.1 per cent, the Euro STOXX 50 gained 0.6 per cent and the German Dax lifted 0.5 per cent. But the UK FTSE fell by 0.3 per cent, dragged down by the resources sector. In London trade shares in BHP Billiton fell by 2.5 per cent while Rio Tinto lost 2.2 per cent.