European Stocks Decline Amid Mining, Energy Weakness; Maersk Surges

European stock markets closed lower on August 13, weighed down by mining and energy shares amid weaker commodity prices. The STOXX 600 finished down 0.04%, with mining stocks declining 3% and energy shares falling 0.8%. However, some individual stocks showed strength, with Danish shipping giant Maersk surging 9.4% after beating market expectations.

Maersk's second-quarter results and raised full-year guidance boosted its performance, while Dutch payments company Adyen soared 16.4% after exceeding forecasts. In contrast, mining companies like Antofagasta, Rio Tinto, and Anglo American fell due to weakness in precious metals and copper prices.

Eurozone inflation data on August 14 will be closely watched for clues about the European Central Bank's future monetary policy direction, with markets pricing in a 90% probability of another rate hike next month. The UK's FTSE 100 index extended its losing streak to four consecutive sessions and touched its lowest level since July 27.