Markets Aren't Doing Much In Europe

Markets are flat early in the European trading session.

Britain's FTSE 100 is up 0.1%.

France's CAC 40 is flat.

Germany's DAX is flat.

Spain's IBEX is up 0.5%.

Italy's FTSE MIB is up 0.3%.

Earlier today, we learned that the Eurozone's Markit Composite Output PMI slipped to 53.1 in March from 53.3 in February, which signals a slight deceleration in the economy.

"The final PMI data for March round off the region's best quarter for three years, with the survey data signalling that the economy grew by 0.5% compared to the fourth quarter," said Markit's Chris Williamson.

"The surveys also confirm that the recovery is broad-based. The upturn is being spearheaded by Germany, which PMI data suggest grew by 0.7% in the first quarter. Spain looks set to have enjoyed its best quarter for six years, growing by 0.5%. Italy meanwhile has enjoyed its best spell of growth for three years, being on course to have expanded by 0.3%. France continues to lag behind, but is nevertheless the biggest news story in March with its PMI hitting a two-and-a-half-year high and suggesting the economy achieved modest growth."