European markets open at close, data, earnings and news

Dollar index marks 110, hits highest level since 2002

The U.S. dollar index hit 110.086 in Asian morning trade, hitting a new two-decade high.

The Japanese yen weakened further to 140.3 after hitting a 24-year low last week. The Korean won was at 1,370.87 against the greenback, a level not seen since April 2009.

CNBC Pro: This tech stock is up nearly 20% in the past year — and a pro says it still has a ways to go

Tech stocks have had a tough year so far, with some of the biggest names in the red.

But one cybersecurity firm stood out for its relative resilience, and market veteran Nancy Tengler thinks the action is just beginning.

Tengler, who is CEO and chief investment officer of Laffer Tengler Investments, said his optimism about the company could be construed as “controversial” but argued it was actually a safer bet in the tech space.

Pro subscribers can learn more here.

—Katrina Bishop

Caixin services PMI shows Chinese services activity increased in August

China’s Caixin Services Purchasing Managers’ Index for August came in at 55.0, down from 55.5 in July.

The official non-manufacturing PMI for August is 52.6.

PMI readings are sequential and represent month-on-month expansion or contraction, where the 50 point mark means there is no change from the previous month.

—Abigail Ng

CNBC Pro: Mohamed El-Erian reveals where to invest right now

As stock and bond valuations fall simultaneously, investors should look to exit “distorted markets”, according to Mohamed El-Erian, chief economic adviser at Allianz.

“There was a time when all asset prices went up – stocks and bonds – and we forgot about correlations. Why worry about correlations when you get paid to hold both risk assets and risk mitigating assets? It’s a wonderful world,” he said. CNBC’s Steve Sedgwick on Friday.

“But the first half taught us, and what we have learned since mid-August, [is] that they can both fall at the same time.”

Investors looking for alternatives have several options, El-Erian says.

CNBC Pro subscribers can learn more here.

—Elliot Smith and Katrina Bishop

European markets: here are the opening calls

According to IG data.

The data releases include preliminary eurozone unemployment data for the second quarter as well as gross domestic product for the second quarter. The latest UK inflation figures for July will be released along with the preliminary Dutch Q2 GDP.

Revenue comes from Uniper, Carlsberg, Persimmon, Balfour Beatty, BAT and National Grid.

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