Europe opens mostly higher with economy in focus

Friday, 25. March 2022 09:02

Major stock markets in Europe opened mostly higher on Friday amid the releases of several economic reports throughout the day. The United Kingdom observed a monthly decline in retail sales and a decrease in consumer confidence. Later in the day, Germany will unveil its latest performance in the business climate.

The DAX opened 0.44% higher as MTU Aero Engines AG rose by 1.23%. The CAC 40 advanced by 0.20%, with ArcelorMittal SA going up by 1.21%. On the other hand, the FTSE 100 stood flat.

The euro gained 0.24% to the dollar at 8:59 am CET to sell for $1.10230. At the same time, the pound sterling stood flat against the greenback to go for $1.31900.

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