Europe opens higher ahead of ECB's updates

Mittwoch, 14. Oktober 2020 09:01

Major European stock markets opened higher on Wednesday ahead of new updates on the recovery from the crisis caused by the coronavirus pandemic to be delivered by the European Central Bank's Christine Lagarde, Yves Merch, and Philip Lane. Bank of England's Andy Haldane will also present the outlook for the United Kingdom's economy. The traders are also focusing on the latest developments in the European Union and Britain's post-Brexit negotiations, as well as on the impact of the World Trade Organization's ruling that allowed the bloc to introduce tariffs on goods from the United States.

The DAX advanced 0.15% at the opening as Henkel AG grew by 1.55%. The FTSE 100 rose by 0.11% with Bunzl PLC gaining 5.48%. The CAC 40 increased by 0.23% as Vivendi went up by 1.84%. In the meantime, the DAX and the CAC 40 slid into the red territory amid market uncertainty, with the DAX decreasing by 0.06% and the CAC 40 dropping by 0.19% at 9:23 am CET.

The euro stood flat against the dollar to exchange hands for $1.17445 at 8:57 am CET. The pound sterling lost 0.30% to the greenback to sell for $1.28977 at 8:59 am CET.

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