European markets have opened firmer, rebounding from Friday’s losses, triggered by news that Ukrainian forces destroyed Russian military vehicles in Ukraine territory.

Closer home, the Rightmove indicated that house prices in the economy suffered a record monthly drop in August. Looking ahead, amid a lack of domestic economic releases, traders will keep an eye on Eurozone trade balance and US NAHB housing market data slated for release later today. Additionally, developments in Ukraine and Iraq will keep investors on their toes.

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