Europe opens in green ahead of data

Friday, 15. May 2020 09:00

European stock markets opened higher on Friday only a few hours ahead of Eurozone economic data reports. It is expected that Eurostat reports on the gross domestic product (GDP), trade balance and the employment change. Meanwhile, German Destatis reported that producer prices in Germany decreased by 1.9% year-on-year in April and investors are still waiting for the German GDP to be announced.

The DAX jumped by 1.45% at the opening bell with Infineon Tech AG rising 3.23%. The FTSE 100 advanced 1.20% at the start of the session as Carnival Plc increased by 9%. The CAC 40 kicked off 1.30% higher. Bouygues led the table, advancing 3.43%.

The euro fell 0.08% against the dollar to sell for $1.07981 at 9:04 am CET, while the pound traded 0.28% lower compared to the greenback, going for $1.21964 at the same time.

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Breaking the News / TF