European markets are set to open fractionally higher on Monday as investors continue to watch rising diplomatic tensions between the U.S. and China, while corporate earnings season gathers momentum.
European stocks will be striving to follow the, where stocks broadly advanced after data showed China's industrial profit soared in June as the economy looks to bounce back from coronavirus-induced shutdowns.
However, some caution remains after a fraying of diplomatic relations between the U.S. and China, which saw thedown on Monday in compliance with a retaliatory measure from Beijing, after Washington ordered the closure of the Chinese consulate in Houston. Tensions between the world's two largest economies, along with lingering fears about the coronavirus pandemic in the U.S. and elsewhere, also
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