12:14 PM EST, 11/03/2025 (MT Newswires) -- European stock markets closed little changed in Monday trading as the Stoxx Europe edged 0.07% higher, Germany's DAX was up 0.73%, the FTSE in London was off 0.16%, France's CAC declined 0.14%, and the Swiss Market Index gained 0.01%.

Eurozone Manufacturing PMI compiled by S&P Global, which gauges the health of the eurozone manufacturing sector, edged higher to 50.0 in October from 49.8 in September as Euro area manufacturing expanded for the eighth straight month.

In the UK, the Manufacturing Purchasing Managers' Index for the UK rose to a 12-month high of 49.7 in October, up from 46.2 in September

"UK manufacturing output expanded for the first time in a year during October, as companies depleted backlogs of work, increased stocks and, in some cases, were boosted by a restarting of production at JLR following a recent cyberattack," S&P Global said.

In Switzerland, the consumer price index declined 0.3% in October compared with the previous month to 107.2 points, according to the Swiss Federal Statistical Office. The decrease was attributed to lower prices for hotels and international package holidays, which was partially offset rising clothing prices.

And in corporate news, Shell plans to invest $1 billion in new oil blocks in Angola, which will be used for seismic surveys and drilling, Bloomberg reported Monday, citing Paulino Jeronimo, the chairman of the country's National Agency for Oil, Gas and Biofuels, at an event in the capital Luanda.

Shares of Shell were off 0.3% on the FTSE 100 in London.

Nokia ( NOK ) said Monday that it and German tech company Rohde & Schwarz had successfully tested a 6G radio receiver that uses artificial intelligence to improve the coverage of 6G wireless communications receivers.

"This will help operators roll out 6G over their existing 5G footprints, reducing deployment costs and accelerating time to market," the company said.

Shares of the Finnish telecommunications company are up nearly 5% in Helsinki.

German biotech firm BioNTech reported a Q3 loss Monday of 0.12 euro ($0.14) per diluted share, swinging from earnings of 0.81 euro a year earlier. Analysts polled by FactSet expected a loss of 0.95 euro.

Revenue for the quarter ended Sept. 30 was 1.52 billion euros, compared with 1.24 billion euros a year earlier. Analysts surveyed by FactSet expected 719 million euros. For 2025, the company said it now expects revenue of between 2.60 billion euros and 2.80 billion euros, compared with its prior outlook range of 1.70 billion euros to 2.20 billion euros. Analysts polled by FactSet expect 2.17 billion euros.

Shares of BioNTech edged 0.17% higher in Frankfurt.

Rio Tinto shareholder Palliser Capital has urged the British mining giant to bid for Teck Resources and unify its dual-listed structure and spin off its base metals operations, Reuters reported Monday, citing a letter to the board sent by Palliser. Palliser urged Rio to challenge Teck's agreed business combination with Anglo American, the report said, citing the letter.

Shares of Rio Tinto were down 2.3% in London.