CNBC's Seema Mody reports on all the market moving events in Europe today, including the Eurozone composite PMI, and Volkswagen settling a dispute with German suppliers.
The euro zone economy accelerated marginally in August, according to Markit's euro zone composite PMI, which came in at a seven-month high.
Asia markets were mostly higher on Monday, with Chinese mainland shares falling, as traders digested weak Chinese PMI data.
European stocks opened higher on Monday despite concerns about China's economy after the country's official manufacturing gauge slumped in July.
The official activity gauge unexpectedly slipped into contraction territory but an unofficial survey pointed to an expansion for the first time in 17 months.
UBS's head of asset allocation for Asia, Adrian Zuercher, gives his take on China's July PMI and the outlook for the world's second-largest economy.
Daniel So from CMB International Securities explains why the Caixin figure was surprising following a weak print from the official gauge.