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European markets are on a fragile climb

Lianna Brinded   

European markets are on a fragile climb
Finance1 min read

rock climber

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

European markets are rising within the first hour of trading.

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.

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%

Euro Stoxx 50: 1.02%

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