European markets are climbing after a slump in China

European markets (with the exception of Spain) are seeing a decent start to Monday’s session, after a sell-off in China.

Here’s the scorecard as of 10:50 a.m. London time (5:50 a.m. New York)

France’s CAC 40: +0.28%

Germany’s DAX: +1.09%

UK’s FTSE 100: +0.57%

Spain’s IBEX: -0.18%

Italy’s FTSE MIB: +0.46%

In China, the Shanghai Composite index fell by 1.61%, and Hong Kong’s Hang Seng fell 2.02%. Japan’s Nikkei also finished lower, but by just 0.09%.

Ahead of the US open, stocks are making similar gains to the ones seen in Europe: S&P futures are up 11.25 points, while the Dow is up 96 points.

It’s a quiet day for data but anything major on Greece could cause a reversal, as we head towards Friday’s Eurogroup meeting of finance ministers.

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