Europe opens higher amid expected auto tariff delay

Tuesday, 12. November 2019 09:00

European markets opened higher on Tuesday as the United States is expected to delay the decision on imposing auto tariffs on cars from the European Union. Meanwhile, it was reported that Brussels rejected a request from the US to ink a limited trade deal.

The DAX started 0.34% in the green as Infineon surged over 5%. In Paris, the CAC 40 added 0.18% led higher by STMicroelectronics. The FTSE 100 gained 0.23%.

The euro declined 0.07% against the dollar at 9:10 am CET, buying 1.10244 as the pound lost 0.14% versus the greenback to go for 1.28336.

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Author:
Breaking the News / JC