Europe opens muted despite positive data reports

Tuesday, 20. April 2021 09:01

Major European stock markets opened flat on Tuesday, as positive data reports showcased an optimistic outlook in the fight against the pandemic. Germany's producer prices rose 3.7% annually in March, a 0.9% increase when compared to February. Meanwhile, the unemployment rate in the United Kingdom was down to 4.9% in February, beating market expectations.

The FTSE 100 was flat at the opening bell, with Imperial Brand PLC falling 5% a minute later. The CAC 40 and the DAX opened flat as well. Vinci was down 3.40% on the CAC 40 at 9:02 am CET, while Infineon Tech AG had the biggest drop on the DAX of 0.63% at 9:03 am CET.

The euro was 0.26% up going for 1.20692 against the dollar at 9:04 am CET, with the pound gaining 0.15% on the American currency trading for 1.40073 at the same time.

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