Europe opens flat to higher ahead of data

Friday, 24. November 2017 09:03

Markets in Europe opened flat to higher on Friday ahead of economic data, including Germany's business climate figures. The political situation in Germany will be closely monitored, as the Social Democrat Party said it is prepared to hold talks with Chancellor Angels Merkel's CDU/CSU bloc on possibly forming a government. In the event negotiations collapse once again, Merkel suggested she would prefer new elections to a minority in parliament. Meanwhile, retailers around the globe, and particularly in the United States, brace themselves for Black Friday, the unofficial start of the Christmas shopping season.

The DAX opened 0.12% in the green as Volkswagen gained 1.82%, followed by RWE AG advancing 1.40%. The CAC 40 started off 0.02% above the flatline, while the FTSE 100 added 0.04% at the opening bell. The euro was down 0.03% against the dollar at 9:18 am CET, going for $1.18480, as the pound was up 0.09% versus the greenback at the same time, buying $1.33186.

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Breaking the News / JC