By Simon Kennedy
LONDON (MarketWatch) -- European stock markets were mixed in early trading Monday, with pharmaceutical stocks among the early gainers, while banks were mostly lower. Shares in U.K. drug maker AstraZeneca PLC (UK:AZN 2,886, +12.00, +0.42%) (AZN 46.30, +0.16, +0.35%) rose 1.3% after the company reached a deal on taxes and lifted its earnings guidance for the year. Philips Electronics NV (NL:PHIA 22.20, -0.39, -1.71%) (PHG 31.13, -0.69, -2.17%) fell 2.1% after saying its television business would generate a loss in the first quarter. The Stoxx Europe 600 index (ST:STOXX600 276.52, +0.50, +0.18%) was flat at 276.03. The U.K.'s FTSE 100 index (UK:UKX 5,909, +7.78, +0.13%) rose 0.2% to 5,911.10, the French CAC 40 index (FR:PX1 3,977, +4.62, +0.12%) was steady at 3,972.61 and the German DAX 30 index (DX:DAX 6,938, -8.43, -0.12%) fell 0.2% to 6,933.73.
