Europe opens higher after ECB VP's remarks

Wednesday, 01. September 2021 09:04

European stock exchanges opened in the green territory on Wednesday after European Central Bank (ECB) Vice President Luis de Guindos said that Eurozone inflation will "fall back in 2022" after rising in 2021. European markets also digested data releases on German retail sales and house prices in Britain. In addition, manufacturing activity reports for Germany, the European Union and the United Kingdom, as well as the latest EU unemployment figures will be published during the trading session.

The DAX was up 0.71% at 9:03 am CET as Covestro rose by 1.79% and lead the gains concurrently. London's FTSE 100 was 0.63% higher at 9:00 am CET with IAG, its best performer, increasing 2.16% at the same time. The CAC 40 advanced 0.86% at 9:00 am as Pernod Ricard grew 2.36% at 9:02 am CET.

Both the euro and the pound traded flat against the dollar to sell for 1.18070 and 1.37516, respectively, at 9:07 am CET.

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Breaking the News / MS