European markets were up in morning trading, as investors take stock of hawkish comments from the Federal Reserve Vice Chairman Stanley. On Sunday, Stanley said that the U.S. economy is already close to meeting the central bank's goals, indicating a possible rate increase.
In London, the FTSE 100 was recently up 0.16% at 6,869.85. Today, leaders from Germany, France and Italy will meet on the Italian island of Ventotene to discuss Brexit plans.
Homebuilders were up in morning trading. Berkeley Group gained 1.69% and Taylor Wimpey was up 1.63%. Persimmon and Barratt Developments were both up about 1.14%.
Estate agent group Countrywide today said that they predict house prices will fall by 1% next year. Prices are set to increase 2.5% this year, before declining next year, due to the U.K.'s vote to leave the European Union.
A lack of housing stock will see the market recover in 2018, Countrywide forecast.
Gold lost 0.60% in morning trading.
Rio Tinto today said it would close its Bunder diamond mine in India to cut costs and conserve cash.
In Frankfurt, the Dax was 0.84% up at 10,633.30 and in Paris the Cac 40 was up 0.76% at 4,433.96.
In Zurich, Syngenta (SYN) - Get Report surged more than 11% after China National Chemical Corporation, or ChemChina, received regulatory approval from the U.S. to proceed with its takeover of the Swiss agricultural chemicals giant.
ChemChina said on Monday that it had received security clearance for the Sfr44 billion ($44.7 billion) takeover of Syngenta from the Committee on Foreign Investment in the United States.
This is the largest ever foreign acquisition by a Chinese company.
Dow Jones IndustrialAverage mini futures were recently up 0.04% and S&P 500 mini futures were 0.06% up.
West Texas Intermediate was recently down 1.46% at $47.81 and Brent Crude was down 1.51 at $50.11 a barrel.