European Stocks Flat After Choppy Session

(RTTNews) - European stocks were narrowly mixed on Monday after losing ground on renewed worries about the euro zone economy last week.

Stocks recovered from steep early losses by mid-day, leaving most of the major averages little changed from the previous session.

The Euro Stoxx 50 index of eurozone bluechip stocks inched down 0.07 percent.

The German DAX added 0.31 percent, the French CAC 40 rose 0.3 percent and the UK's FTSE 100 slipped 0.16 percent.

AstraZeneca plunged 11.1 percent after its board rejected the final proposal from US-based Pfizer.

Ryanair jumped 8.3 percent. The low-cost airline sees increased profit and traffic for fiscal 2015.

In Frankfurt, Commerzbank lost 2.6 percent.

Deutsche Bank fell 1.8 percent after the lender announced plans to raise about 8 billion euros of capital through the sale of 360 million new shares.

Alstom rose 2.5 percent in Paris.

General Electric Co. is said to be in early-stage talks with nuclear-plant maker Areva SA and other French companies about asset sales or partnerships to win regulatory approval for a $17 billion deal for Alstom.

In economic news, Eurozone March construction orders slid 0.6 percent on month, compared to a growth of 0.4 percent in February.

Elsewhere, the average asking price for a house in the United Kingdom jumped 3.6 percent on month in May, property tracking website Rightmove said on Monday. That follows the 2.6 percent increase in April

Meanwhile, Bank of England Governor Mark Carney said the housing market has "deep deep" problems and it represents the biggest risk to the economy.