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European stocks set to open higher despite China slowdown fears

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European stocks are set to rise Monday, despite worries China's economy is slowing amid a trade war with the U.S.

Britain's FTSE 100 is seen climbing 6 points to 7,505, Germany's DAX is set to rise 36 points to 12,351, and France's CAC is expected to open 12 points higher at 5,580, according to IG index data.posted second-quarter figuresStill, China's GDP growth was in line with expectations, and data for industrial production, retail sales and fixed-asset investment came in above analyst expectations.from the fresh data, with the Shanghai composite climbing 0.

Elsewhere, geopolitical tensions continued to rumble on in the background. Iranian leader Hassan Rouhani said Sunday that the country was ready to hold talks with the U.S., on the condition that Washington drops sanctions and returns to the 2015 nuclear deal. Secretary of State Mike Pompeo poured cold water on Rouhani's proposal, stating it would lead the Trump administration down a similar path to former President Barack Obama's administration, which helped bring about the agreement.

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