European markets opened higher on the heels of a mining and technology stock rally in Asia and a positive close on Wall Street Friday, reports the AP. China's benchmark Shanghai Composite Index surged 8.1%, in part on news in state-run papers that the snow emergency in China was overblown. Hong Kong's Hang Seng index jumped 3.8%, Japan's Nikkei 225 index rose 2.7 %, and markets in South Korea and India were also up strongly at the close.
The European Dow Jones Stoxx 600 was up 0.9%, the German DAX rose 0.9%, and the French CAC and UK’s FTSE both edged up slightly by midday. US stock index futures were flat or up slightly. Dow futures were up 2 points to 12,758, while S&P 500 futures were barely changed.