European markets have opened in positive territory today, as strong Chinese industrial profits data boosted investors’ sentiment. However, market participants remain alert to developments in Gaza and Ukraine.

Amid a lack of major domestic economic releases today, traders will keep a tab on US pending home sales and the Dallas Federal Reserve’s manufacturing business index data for further cues. Later in the week, UK mortgage approvals, GfK consumer confidence and Markit manufacturing PMI data will garner market attention.

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