European stocks closed higher on Monday as manufacturing data in both China and Europe showed slight improvement, though not enough to dampen global fears of slowing economic growth.
The pan-European Stoxx 600 was 0.3% higher to 380.69 at the closing bell, financial services stocks jumping 0.9% to lead gains while technology stocks slipped 0.6%. The U.S. markets were closed for Labor Day.
China and the U.S. kicked off a new round of trade tariffs on one another’s imports over the weekend, despite signs that talks could resume in September. The latest round of tariffs sees the U.S. imposing 15% tariffs on a variety of Chinese goods, including footwear, smart watches and flat-panel televisions, while China targeted U.S. crude with 5% duties.
Source : CNBC