China's tech and real estate giants are under pressure, and European markets are starting to feel the pinch, especially in industries reliant on Asian shoppers.
The blue-chip index was up 0.5% this morning, lifted by aero and defense stocks.
Among stocks, AstraZeneca jumped 0.9% after JPMorgan said it remains optimistic on the case.
After releasing an upbeat guidance, Ashtead soared 3%, while IG Group Holdings climbed 4.9%, after it said its revenues were boosted by the acquisition of online brokerage Tastytrade.
Markets digested inflation data in the UK, where the CPI increased 3.2% YoY, strengthening fears that the Bank of England will act soon to raise interest rates. Investors will focus today on U.S. retail sales data, due at midday, which should offer clues as to when the Fed will unveil plan to reduce its asset purchases.
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