Europe opens higher amid data

Wednesday, 23. September 2020 09:01

Major European stock markets opened higher on Wednesday amid the economic data released throughout the day. Germany reported a slight rise in consumer confidence for October. It is also to reveal its performance in manufacturing and services along with the Eurozone and the United Kingdom. Meanwhile, British Foreign Secretary Dominic Raab said the government did not rule out the possibility of another nationwide lockdown to avoid new spikes in coronavirus cases.

The DAX surged 1.14% at the opening as Continental AG increased by 1.73%. The FTSE 100 grew by 0.54% with JD Sports Fashion PLC advancing 2.96%. The CAC 40 gained 1.11% as STMicroelectronics rose by 2.73%.

The euro lost 0.15% to the dollar to sell for $1.16901 at 8:57 am CET. At the same time, the pound sterling dropped by 0.28% against the greenback to exchange hands for $1.26987.

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Author:
Breaking the News / JR