European markets are all up on Tuesday morning. Calm has returned despite losses in China.

The benchmark Shanghai Composite Index closed the morning session down more than 2.5%, extending losses from June to a huge 41%.


" With Inflation figures in the UK this morning expecting to show 0 or even a drop of -0.1% after last month's rise of 0.1% the chances of the Bank of England raising rates soon seem more unlikely, " Mic Mills, head of client services at CapitalIndex, said in an e-mail.

European markets shrugged it off, which could be a sign that they think central banks' threats to raise interest rates may end up having to be delayed.

Here's the European share market scoreboard:


Germany's DAX: +0.59%


And this is what's happened to the Euro Stoxx 50, which is an index of Europe's biggest publicly listed companies. It opened up 0.58%:


Meanwhile, Brent crude oil is also creeping up on Tuesday morning: