10 things you need to know before European markets open

Good morning! Here's what you need to know.

Greece is about to open its stock market for the first time in five weeks. Greece will take another step away from full-on crisis mode on Monday by opening its stock market for the first time in five weeks, although immediate heavy losses are expected. Trading has been suspended since the bailout referendum and capital controls announced at the end of June.

France's finance minister criticised his German counterpart. French finance minister Michel Sapin has criticized his German counterpart Wolfgang Schaeuble for suggesting that Greece could temporarily leave the euro zone, but said the Franco-German relationship is "not broken".

European manufacturing PMIs are coming. Between 8:15 a.m. and 9 a.m. London time (3:15 and 4 a.m. New York) European manufacturing PMIs will be released, offering the first signals of how the sector did in July. The UK's score comes half an hour later.

HSBC just announced a 10% bump in profits. HSBC Holdings reported a 10% increase in earnings for the first half of the year, boosted by bumper profits in Hong Kong as the lender considers whether to move its headquarters from London to the Asian hub.

Nokia just sold its map-making unit to German carmakers. A consortium of German premium carmakers has agreed to buy Nokia's mapping business HERE for an enterprise value of €2.8 billion ($3.07 billion, £1.97 billion), in a push to extend the reach of automakers into digital services for connected cars.

China recorded its worst manufacturing survey for two years. The final, private Caixin/Markit China Manufacturing Purchasing Managers' Index (PMI) dropped to 47.8 in July, the lowest since July 2013, from 49.4 in June. Anything below 50 indicates a negative reading.

BMW may come out with more electric cars. The chief executive of BMW hinted in a German paper that there was potential for another of its "i" electric car models. "Between the i3 and the i8, there is space if you look at it from the number point of view," Harald Krueger told Frankfurter Allgemeine Sonntagszeitung, when asked if he was planning new models.

Canada's Prime Minister called an election. Canadian Prime Minister Stephen Harper on Sunday called a parliamentary election for Oct 19, kicking off a marathon 11-week campaign likely to focus on a stubbornly sluggish economy and his decade in power.

Asian markets are down. The Shanghai Composite leads the way, down 2.46% as of 6:45 a.m London time (1:45 a.m. New York). The Hang Seng is down 0.95% and Japan's Nikkei is down by 0.16%.

European regulators want more merger information from Halliburton. Oilfield services provider Halliburton announced in a statement on Sunday it had received a request from the European Commission for additional information about its proposed $35 billion (£22.41 billion) merger with rival Baker Hughes.