European stock markets are climbing after eurozone manufacturing PMI reportedly hit a 6-month high of 49.0. Although the sub-50 reading signals contraction, it is just barely below 50 and any improvement is welcome news for the region.Britain’s FTSE 100 is up 0.5%.
Germany’s Dax 30 is up 0.4%.
France’s CAC 40 is up 0.2%.
Spain’s IBEX 35 is up 0.4%.
Italy’s FTSE MIB is up 1.1%.
U.S. equity futures are also up modestly.