European markets look set to start the week positively; oil prices in focus after OPEC+ output hike

This is CNBC’s live blog covering European markets.

Good morning from London, and welcome to CNBC’s live blog covering all the action and business news in European financial markets at the start of the new trading week.

Futures data from IG suggests a broadly positive open for European indexes, with London’s FTSE 100 seen opening 0.4% higher, France’s CAC 40

up 0.5%, Germany’s DAX up 0.4%, and Italy’s FTSE MIB 0.4% higher.

Regional bourses had closed lower on Friday, with the pan-European Stoxx 600 seeing its worst session since April, after the White House hit countries around the world with a range of new tariff rates on Aug.1.