GLOBAL MARKETS-Grim China data keeps stimulus hopes alive

A deepening slowdown in demand in China took centre-stage on Monday, boosting some stock markets on hopes of more policy stimulus even as it knocked commodity prices. China's stock markets bucked broad cautiousness in Asian equities with major indices up between 2 and 4 percent, while European trading got off to a subdued start as mining and energy stocks pulled the pan-European FTSEurofirst 300 equity index down 0.2 percent. Chinese producer prices in July hit their lowest point since late 2009