European equities open mildly higher to begin the week

Author: Justin Low | Category: News

Enthusiasm fades after Chinese equities reverse gains to close lower

  • Eurostoxx +0.1%
  • Germany DAX opens flat
  • France CAC 40 +0.1%
  • UK FTSE +0.1%
  • Spain IBEX +0.3%
  • Italy FTSE MIB +0.2%
Optimism is fleeting in the equities space as Chinese equities turn on their heads to close the day on a weaker note. The Shanghai Composite ends 0.3% lower after posting more than 1.0% gains earlier today.

Overall, Asian equities are still higher for the most part but European investors will have little to work with after the U-turn in China as well as flat tones in US equity futures. That is also not really helping the mood in currencies with USD/JPY still hovering just under the 112.00 handle and major currencies still subdued in the European morning.

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