Europe opens higher amid COVID-19 vaccine hopes

Tuesday, 23. June 2020 09:01

Europe started the trading day in the green on Tuesday after Sanofi said it expects its COVID-19 vaccine to be approved by regulators in the first half of 2021. Meanwhile, investors' optimism remained subdued over rising coronavirus case levels as they awaited PMI data which will be released during the European session.

The DAX started 0.82% higher at 9 am CET as Wirecard eased some of its sharp losses from previous sessions and rose 3.5% at 9:02 am CET after German media reported former top executives could be facing arrest over the firm's financial scandal. The CAC 40 was up 0.57% at 9 am CET with Bouygues leading the gains. The FTSE 100 increased by 0.33% at 9 am CET with Melrose Industries as the top performer.

The euro increased 0.07% to 1.12684 against the dollar at 9:02 am CET. The pound was flat against the greenback at 9:05 am CET, going for 1.24733.

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Author:
Breaking the News / VP