Europe trades higher ahead of EU trade balance data

Tuesday, 16. July 2019 09:16

European markets traded higher on Tuesday ahead of the release of trade balance data from the European Union. Meanwhile, the bloc's parliament will be voting on the nomination of Ursula von der Leyen, Germany's outgoing defense minister, to become the next European Commission president.

The DAX gained 0.16% at 9:14 am CET, with chemicals companies among the biggers winners in the index.

In London, the FTSE 100 was 0.11% higher at 9:15 am CET. Burberry jumped 6% at 9:08 am CET as reports on excellent sales figures in China contributed to the gains following the release of a new collection by former Givenchy designer Riccardo Tisci.

France's CAC 40 was flat, trading 0.03% in the green at 9:15 am CET. Bouygues gained 1.78% at 9:12 am CET after the company said it does not expect 5G technology to be fully implemented in France before 2023.

The euro traded flat compared to the dollar, decreasing 0.02% to 1.12548 at 9:18 am CET. At the same time, the pound lost 0.18% against the greenback, going for 1.24940.

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