* FTSEurofirst down 0.6 pct
* Euro STOXX 50 down 0.3 pct
* BHP Billiton down 2.5 pct after job cut
By Liisa Tuhkanen
LONDON, Aug 10 (Reuters) - European shares edged lower on Monday as disappointing economic data out of China and falls in mining companies BHP Billiton and Anglo American weighed on the market.
The euro zone’s blue-chip Euro STOXX 50 index was down 0.3 percent by 0815 GMT, while the pan-European FTSEurofirst 300 index edged 0.6 percent lower to 1,564.94 points. Both ended last week on a downbeat note, closing down 0.8 and 0.9 percent respectively.
“There is softness on the market on concerns over the Chinese economy,” said Brenda Kelly, analyst at London Capital Group.
China is under growing pressure to further stimulate its economy after data over the weekend showed another heavy fall in factory-gate prices and a surprise slump in exports.
The world’s second-largest economy is officially targeted to grow at 7 percent this year, still strong by global standards, but some economists believe it is expanding at a much slower pace.
“I think we can probably come to expect GDP number later on this week of less than 7 percent. It’s going to be very difficult for China to actually come good on that one,” Kelly said.
Among individual movers, miner BHP Billiton dropped 2.5 percent after saying it would cut 380 jobs at its Olympic Dam copper and uranium mine in Australia, citing global market conditions in the resources sector and a desire to ensure the project was sustainable.
Rival Anglo American also fell more than 2 percent after a Chilean newspaper reported that a British investment fund will buy Anglo’s Chilean copper assets.
On the upside, JCDecaux rose 2.6 percent after its co-chief executive Jean-Francois Decaux told the Financial Times that the company could double its market share in the next decade.
Europe bourses in 2015: link.reuters.com/pap87v
Asset performance in 2015: link.reuters.com/gap87v
Today’s European research round-up
Editing by Keith Weir