Europe Stocks Drop Ahead of Pmis; Thyssenkrupp off

European stock markets dropped at the open on Monday as investors awaited the final purchasing managers’ indexes from the major euro-zone economies and digested data from China.

The manufacturing PMI for November in the world’s second-largest economy came in at 50.8, up from an initial estimate of 50.4 and almost unchanged from 50.9 the previous month.

The Stoxx Europe 600 indexXX:SXXP -0.11% dropped 0.2% to 324.39, after closing out Friday with a third straight month of gains. The U.K.’s FTSE 100 index UK:UKX -0.39% lost 0.5% to 6,620.59, while France’s CAC 40 index FR:PX1 -0.34% fell 0.3% to 4,281.22.

Germany’s DAX 30 index DX:DAX +0.10% slipped 0.1% to 9,397.70. Among notable movers, shares of ThyssenKrupp AG DE:TKA -6.93% slid 6.1% after the steel maker said it found a buyer for its Alabama plant.

Source: Marketwatch