Europe opens higher prior to ECB rate decision

Thursday, 11. March 2021 09:02

Major European stock markets kicked off in the positive territory on Thursday ahead of the European Central Bank's decision on key interest rates set to be announced later today. Market estimates suggest rates will remain unchanged at 0-0.5%.

Meanwhile, Brexit uncertainties continued to loom over the economy with 74% of British businesses claiming they have seen delays in trade between the United Kingdom and the European Union since the start of the year.

The FTSE 100 gained 0.39% at the opening bell, as Just Eat Takeaway soared 6.84%. The DAX rose 0.07%, with Infineon Tech climbing 1.45%. The CAC 40 traded 0.29% higher. Kering was the top performer, advancing 1.63%. The euro went up 0.10% against the dollar to sell for 1.19384, while the pound stood flat at $1.39374.

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