European markets open higher ahead of data

Thursday, 24. June 2021 09:01

Major European stock markets registered gains at the opening bell on Thursday ahead of multiple economic data reports set for release later today. While the European Union is expected to publish its newest Economic Bulletin, Germany is about to announce its business climate for this month and the Bank of England will reveal its decision on interest rates.

In yesterday's news, the EU agreed to extend the grace period on chilled meats on the UK's request by three more months, while on the coronavirus front, the UK continued to report an increased number of COVID-19 cases prompting concerns related to its reopening plans.

The DAX gained 0.52% at the open, with Deutsche Bank advancing 1.11%. The FTSE 100 rose 0.07%, as Bunzl plc surged 2.44%. The CAC 40 climbed 0.37%. Carrefour was the top performer, trading 0.83% in the green. The euro traded 0.08% higher against the dollar to sell for 1.19369, while the pound stood flat at $1.39660.

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