European equities open higher, spurred on by surging gains in Chinese markets

• Eurostoxx +1.2%
• Germany DAX +1.1%
• France CAC 40 +1.2%
• UK FTSE +0.6%
• Spain IBEX +0.9%
• Italy FTSE MIB +0.9%

This comes as the Shanghai Composite index closes up by 3.6% to close above the 3,000 mark for the first time since June. Meanwhile, the CSI 300 index closes up by a whopping 4.2% on the day. For the week itself, the Shanghai Composite is up 9.6% while the CSI 300 is up 10.7%. What a jump, indeed. US futures are also sitting higher today, with S&P 500 futures now up 0.7% and Nasdaq futures up 1.3%.

This article was written by Justin Low at www.forexlive.com.