Frankfurt's DAX falls 0.23% (Il Sole 24 Ore Radiocor) - Milan , 26 Aug - European shares were mixed after posting gains on Friday as US Federal Reserve chairman Jerome Powell's indicated a rate cut was at hand.

Trading was quiet, with London closed for a bank holiday.

On the data front, the latest survey from German think tank Ifo showed the business climate in Germany decreased to 86.6 from 87.0 in July, but nonetheless came in slightly above economist expectations of 86.0.

"The German economy is increasingly falling into crisis," said Clemens Fuest, president of Ifo.

The Frankfurt exchange underperformed its European counterparts and at 1100 GMT was down 0.23% to 18,593.05 points. In Paris the CAC 40 was up 0.15% to 7,588.19 points and in Milan the FTSE MIB slipped 0.04% to 7,588.19 points.

Madrid's IBEX 35 was instead up 0.04% at 11,283.17 points.

AAA-Hob

(RADIOCOR) 26-08-24 13:03:36 (0248) 5 NNNN