Europe opens higher as G7 leaders set ambitious targets

Monday, 14. June 2021 09:01

Shares on major European stock indices started Monday's trading session higher, as investors looked at how the outcomes of the G7 summit will influence the markets. Over the weekend, the G7 agreed to launch a global infrastructure initiative to rival China's Belt and Road Initiative, while also agreeing on new targets for climate change and measures to fight cybercrime. Meanwhile, the European Central Bank president upped her projections on when the economy will reach pre-pandemic levels.

The DAX opened 0.35% in the green, with Siemens Energy rising 1.07%. The FTSE 100 increased 0.25% at the open, as Renishaw plc climbed 2.04%. The CAC 40 was up 0.42%, while Wordline was 0.87% higher. Shortly after markets opened, the DAX reached an all-time high, while the FTSE 100 climbed to the highest levels since February of last year.

The euro and the pound stood flat against the dollar at 9:03 am CET trading for $1.21083 and $1.41078 respectively.

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