Global Markets Update: European Markets Start February in the Black

5:10 AM ET Wed, 1 Feb 2012

US futures point to Wall Street opening higher today, while European shares extended gains as investor sentiment was boosted after manufacturing data out of the UK and China came in better-than-expected. However Asian stock markets struggled as weaker U.S. data dampened recent optimism that the world's largest economy may escape the gloom from the euro zone debt crisis, while Chinese manufacturing surveys failed to break the cautious mood.