Europe opens with gains amid data

Thursday, 01. October 2020 09:02

European equities started trading higher on Thursday as traders kept watch over macroeconomic data releases and the coronavirus pandemic.

Aside from the manufacturing PMI releases for Germany, the euro area and the United Kingdom, investors awaited the eurozone's PPI and the August unemployment rate. As the year entered its final quarter, all eyes were on progress in finding a COVID-19 vaccine amid rising infection numbers worldwide.

The DAX opened in the green 0.40% with Infineon leading the gains. The CAC 40 surged 0.97% as Societe Generale rose over 1.50%. The FTSE 100 rose 0.24%; Standard Chartered was the top performer. The euro rose 0.21% against the dollar at 9:05 am CET, to go for 1.17454. The pound was up 0.07% against the US currency at the time, buying 1.29302.

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