Investing.com - Most European stock markets turned higher on Monday, in the wake of gains on Asian indexes and amid waning expectations of an earlier-than-forecast U.S. interest rate hike.
During European afternoon trade, Germany's DAX was up 0.07%; France's CAC 40 rose 0.15%; Britain's FTSE 100 was up 0.25%; and the EURO STOXX 50 rose 0.03%.
But Spain's IBEX 35 was down 0.78%.
The modest gains in Europe came despite a denial by the European Union of a report that euro zone nations could provide debt-laden Greece with an EUR 20-25 billion bailout package.
Earlier in the day, European Commission spokesman Amadeu Altafaj told a news briefing that, "I have no comment on such a plan that does not exist and is denied even by the alleged source of it."
Fears over the country's gaping budget deficit have dragged European markets down in recent weeks.
The outlook for U.S. markets, meanwhile, was rosy: Dow Jones Industrial Average futures indicated a rise of 0.26%, S&P 500 futures pointed to an increase of 0.24% and Nasdaq 100 futures indicated a rise of 0.42%.