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Europe poised for higher open

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European equities are expected to open higher on Monday, bucking the trend set in Asia where shares were trading mixed on the back of a revision in Chinese economic growth figures.

While European shares are expected to trade in positive territory Monday, in Asia there was choppy trade with investors cautious after the wild swings in China's equity markets. China's National Bureau of Statistics revised its annual economic growth rate for 2014 on Monday to 7.3 percent from the previously released figure of 7.4 percent.

Last Friday's sell-off on Wall Street after a lackluster jobs report has not helped investor sentiment either. Major U.S. indexes finished more than 1 percent lower last Friday, after the nonfarm payrolls report showed that 173,000 jobs were created in August, missing expectations of 220,000.

 

Source:CNBC


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