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European markets are on a fragile climb

Sep 3, 2015, 13:31 IST

Climber Shauna Coxsey takes part in the CWIF international bouldering competition on March 16, 2014 in Sheffield, England.Getty

European markets are rising within the first hour of trading.

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Traders have their eyes firmly set on the European Central Bank, which may have to consider fresh policy measures to prevent deflation in the single currency area.

It's also a big day for European data with service and composite PMI figures out for key countries and the eurozone as a whole.

We've already had positive flash readings for August and now the more detailed breakdown is showing positive readings for a number of countries. You can see them all here.

On top of that, European markets are taking advantage of the closure of the mainland Chinese markets, which will re-open Monday, after they take a two day break to commemorate the end of World War Two.

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Germany's Dax: 1.38%

UK's FTSE: 1.63%

France's CAC40: 1.21%

Italy's FTSE MIB: 0.9%

Spain's Ibex: 0.55%

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Euro Stoxx 50: 1.02%

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