Squawk Box Live

China stocks rally despite disappointing data

Squawk Box Live focused on market reaction to disappointing data released by China over weekend. But the country's mainland stocks were unfazed, with the Shanghai Composite closing nearly 5 percent higher following an afternoon rally.

European stocks joined in positive territory following the market open, despite a technical glitch that delayed the start of trade at Milan's stock exchange.

Here's how the morning unfolded.

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