FRANKFURT, Germany — Worries over the crisis in Ukraine and a disappointing Chinese manufacturing survey kept global markets in check Monday despite some more upbeat U.S. economic data.
The latest Ukraine-related tensions arose as Ukrainian troops fought pitched gunbattles with a pro-Russia militia occupying an eastern city and the government sent an elite national guard unit to re-establish control over the southern port city of Odessa.
Worries over the Chinese economy, the world's No. 2, also weighed on markets. A report from HSBC showing Chinese factory activity fell short of expectations stoked fears that the slowdown in the world's second biggest economy is entrenched.
"Financial markets begin the week, clouded by concerns over the situation in Ukraine, and a slightly deeper-than-previously-estimated contraction in China's manufacturing sector," said Jennifer Lee, an analyst at BMO Capital Markets.
A solid performance on Wall Street following news that U.S. service firms grew more quickly last month helped European markets trim earlier losses. The Institute for Supply Management said its service-sector index rose to 55.2 in April from 53.1 in March. Any reading above 50 indicates expansion.
In Europe, Germany's DAX closed down 0.3 percent at 9,529.50 while France's CAC 40 eked out a modest 0.1 percent gain to end at 4,462.69. British stock markets were closed for a public holiday.
In the U.S., the Dow Jones industrial average was down 0.1 percent at 16,498 while the broader S&P 500 index also fell 0.1 percent to 1,880.
Earlier in Asia, shares fell amid pessimism over China's manufacturing sector, which offset last Friday's positive U.S. jobs data for April.
Hong Kong's Hang Seng fell 1.3 percent to close at 21,976.33 while the Shanghai Composite in mainland China rallied in the final minutes of trading to finish 0.1 percent higher at 2,027.35.
Trading elsewhere was fairly flat, with the euro steady at $1.3879 and the dollar 0.1 percent lower at 102.09 yen.
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Chan contributed from Hong Kong.
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