Europe opens in green on EU relief deal hopes

Friday, 17. July 2020 09:02

Major indexes on the European markets traded higher at the opening bell on Friday as the investors awaited Special European Council dedicated to discussing the European Union's response to the crisis caused by the coronavirus pandemic. While ministers of Italy and Spain stated that reaching the decision won't come easy, their counterparts from France and Germany expressed hopes that the €750 billion deal could be agreed upon in July. The need for a 'swift EU deal' was backed by both ECB President Christine Lagarde and European Commission President Ursula von der Leyen.

The DAX jumped 0.31% at the open, as Daimler AG soared 4.06% at 9:06 am CET. At the opening bell, the FTSE 100 was up by 0.19%, as DS Smith increased by 0.98% at 9:01 am CET. In Paris, the CAC 40 gained 0.11% as the trading session started, with Teleperformance rising 0.99% at 9:01 am CET.

The euro and the pound stood flat against the dollar at 9:04 am CET, selling for $1.13897 and $1.25570, respectively.

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Breaking the News / BU