European markets are all up as rate hike fears recede
The benchmark Shanghai Composite Index closed the morning session down more than 2.5%, extending losses from June to a huge 41%.
European markets shrugged it off, which could be a sign that they think central banks' threats to raise interest rates may end up having to be delayed.
"With Inflation figures in the UK this morning expecting to show 0 or even a drop of -0.1% after last month's rise of 0.1% the chances of the Bank of England raising rates soon seem more unlikely," Mic Mills, head of client services at CapitalIndex, said in an e-mail.
Here's the European share market scoreboard:
UK's FTSE: +0.16%
Germany's DAX: +0.59%
France's CAC40: +0.66%
Spain's IBEX: +0.19%
And this is what's happened to the Euro Stoxx 50, which is an index of Europe's biggest publicly listed companies. It opened up 0.58%:
Meanwhile, Brent crude oil is also creeping up on Tuesday morning:
