Europe shares lower as miners, banks weigh on FTSE

European shares were lower on Monday with weakness on the UK's FTSE 100 offsetting any buying after weak trade data from China. The pan-European Euro Stoxx 600 Index was lower at the open with heavily-weighted mining stocks like Rio Tinto, Anglo American and Antofagasta all nudging lower. The sector is exposed to China where an August trade report showed exports in the world's second-largest economy jumped 9.4 per cent on year, higher than expectations for an 8 per cent rise. But imports fell an annual 2.4 per cent, missing estimates for a 1.7 per cent increase, according to cnbc.com