Europe opens higher amid recovery optimism

Thursday, 17. December 2020 09:02

Major European stock markets opened in the green on Thursday, as European Union Economy Commissioner Paolo Gentiloni expressed his moderate optimism that the Eurozone could start recovering in the first quarter of 2021. Furthermore, European Central Bank Executive Board member Isabel Schnabel pointed out that the future stimulus programs should be used to foster growth perspectives in the EU. On the economic front, investors are waiting to see the Bank of England's decision regarding its interest rate.

The DAX opened with gains of 0.94%, as Adidas AG moved 1.79% in the green at 09:05 am CET. At the opening bell, FTSE 100 rose 0.28% and Barratt Developments PLC went higher by 1.19% at 9:01 am CET. The CAC 40 was up 0.57% at the beginning of the trading session with Danone performing higher by 1.26% at 9:01 am CET.

The euro was up 0.45% against the greenback to sell for 1.22380 at 9:02 am CET. The pound rose 0.70% to change hands for 1.35828 dollars, at the same time.

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Breaking the News / CG