European equities open mildly higher to begin the week

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.