Europe opens in green, data in focus

Friday, 22. November 2019 09:03

European markets started trading on Friday with gains as investors anticipate PMI data for Germany and the United Kingdom, to come out early into the session. Before the bell, German GDP was reported to be 0.1% higher on a quarterly and 0.5% on an annual basis.

Market watchers will also be following the comments from the European Central Bank's President Christine Lagarde. In trade, Washington is reportedly mulling whether to launch a new trade investigation against the European Union, which could recommend new tariffs or other measures against its products.

The DAX added 0.08% at the start. Fresenius and Deutsche Bank were the best performers. The FTSE 100 increased 0.36% led by Rio Tinto's rise of 1.03%. The CAC 40 was 0.13% above the flatline at the open as energy company TechnipFMC climbed 0.88%.

The euro was up 0.13% against the dollar at 9:19 am CET, buying $1.10716, while the British pound rose 0.10% at the same time, going for $1.29206.

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