Markets in Euroland sharply higher, EUR flat above 1.3200

FXstreet.com (Edinburgh) -Equities in the European trading floor started the week with a firm bid tone after the positive data from the Chinese manufacturing PMI surprised investors over the weekend. Adding to the positive risk-on trade, jitters on the Syrian front have eased somehow, while President Obama keeps waiting for approval of a military intervention from the US Senate. The single currency is now back to the negative ground, although posting marginal losses, after a good start lifted the EUR/USD to the vicinity of 1.3230. The IBEX35 is the best performer so far, up 2.0% and followed by the CAC40, 1.57% and the DAX, 1.48%.

Bourses in Asia closed in a ‘sea of green’ on China and a calmer situation in the Middle East, with the Hang Seng advancing 2.04%, followed by the Nikkei and the Shanghai, up 1.37% and 0.02%, respectively.