European markets cautiously higher; manufacturing slump continues

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European markets cautiously higher; manufacturing slump continues
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European markets were slightly higher, with regional markets given a boost last week on a firm sign that consumer price rises could be slowing.

European markets were slightly higher Monday, after regional markets were boosted on signs the recent rate of consumer price rises could be slowing.index was up by 0.2% in morning trade, with most sectors gaining. Mining stocks were up 1.1% and banks climbed 0.6%.euro zone inflation

Input costs for businesses were lower but the sector also saw falls in employment, purchasing activity and inventories as business confidence and growth expectations also weakened. Veteran emerging markets investor Mark Mobius has named two tech giants as key stocks in any portfolio investing in developing economies.

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