European markets were looking at a mixed open on Monday, with investors searching for direction after Chinese premier Wen Jiabao warned at the weekend that China's economic woes will continue for some time but that the country's fundamentals remain favorable, and with the Tokyo market closed due to a public holiday.
His comments came after China announced on Friday that the world's second-largest economy grew by 7.6, a three-year low.
The FTSE was seen higher by 3 points at 5669, the DAX was expected to open higher by 1 points at 6658 as was the CAC, by 9 points at 3171.
Asian markets extended their rally on Monday as fears of a hard landing for the Chinese economy subsided as Jiaboa's comments were interpreted as a willingness to take further monetary stimulus action if needed .
In Europe, the London Interbank Offered Rate (Libor) manipulation scandal remained in the spotlight, with Jerry Del Misseir, Barclays Bank’s outgoing chief operating officer due to be questioned about his knowledge of the situation by UK lawmakers Monday.
His appearance at Treasury Select Committee of UK lawmakers comes after the New York Times reported that the U.S. Justice Department was building criminal cases against several financial institutions and their employees related to the manipulation of interest rates.Page 1 of 4 | Next Page