Markets are jumping

European markets have started the week with a bang.

China's stock markets are down but fears that they would crash hard after a national holiday have been dispelled.

"With China back after the four-day weekend and after Friday's big miss on the NFP numbers and the European and US markets closes down as a result, the fact we see any green numbers in Asia must be seen as a positive," Mic Mills, head of client services at CapitalIndex, said in an e-mail.

Meanwhile, US stock markets will be closed today for Labour Day.

Mills said: "Labour Day in the US today should see markets muted today as traders mull over Friday's figures and what that means to the continuing 'will-they-won't-they' hike in September."

Here's the European share market scoreboard:

UK's FTSE: +1.21%

Germany's DAX: +1.34%

France's CAC40: +1.34%

Spain's IBEX: +1.10%

And this is what's happened to the Euro Stoxx 50, which is an index of Europe's biggest publicly listed companies. It's currently up 1.21%: