European markets closed provisionally higher Monday, recovering from tough week which saw stocks fall across the board.
The pan-European Stoxx 600 slipped 2.89% last week, as investors weighed concerns about the health of the economy, hot inflation figures and the U.S. Federal Reserve's upcoming monetary policy meeting.
By Monday afternoon, major European markets showed signs of recovery. Germany's DAX ended the day 0.7% higher, France's CAC 40 ended flat and Italy's FTSE MIB closed 0.3% higher. Spain's IBEX 35 also closed the day up 0.3%.
The U.K.'s FTSE 100 was closed Monday to mark the funeral of Queen Elizabeth II, which began at 11 a.m. London time.
European markets
It comes after sterling hit a 37-year low against the dollar last week, as a combination of dollar strength and recession concerns hit the British currency.
Data due Monday included construction output figures for the euro zone. Luis de Guindos, vice president of the European Central Bank, was also due to make a speech in Madrid at 10:00 a.m. London time.
Shares in Asia-Pacific fell on Monday, and U.S. stocks also opened lower.
The Fed's two-day meeting is due to begin Tuesday, with markets expecting a 75-basis-point rate hike as the central bank strives to get soaring prices under control.